Hi Furnaces, to calculate "operating profit" for the quarter shouldn't you only take the margin on those sales that were actually produced last quarter, seems you are including the revenue in this quarter but the costs to produce would have been incurred last quarter? Cashflow may work that way, but not "operating profit" as far as I am aware.
Wasn't the $13m loan that you mention they have repaid compensated by a $20m drawdown of another loan? Thus a net increase of debt of $7m?
Anyway, just a month and a bit to go until we get the quarterly reports, be interesting to see how the actual figures turn out.
All the best.
A40 Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
