Australia's largest stock trading and investment forum Australia's #1 stock forum

A40

Click for more information

0.00%

8.2¢ alliance mineral assets limited

A40 price action, page-307

First 307 Last

Share
Profile

Follow
NBORT

24 Posts.

4

12/03/19

17:06

Post #: 37735987
Share

Originally posted by luanboo: ↑

For Ta sales, accounting wise, it will not be booked under revenue. It will be booked under service credits (to reduce the cost of goods sold).
Nevertheless, it definitely helps directly in cashflow.

As for the calculation, it is not correct.
It should be 132,240lb x USD70/lb = USD$9.25m = A$12.96m

I have confirmed this with the expert. Here's what the expert said.
"As with most metals with variable concentrate grades, tantalum sales are counted on contained Ta2O5, the price is not for the concentrate (ie 30%). So 1 tonne (2204Lbs) of concentrate at 30% and US$90 is worth about US$198,360"

Expand

I believe tantalum sales will still be classified under revenue, assuming that the principal activities of the company includes that of selling of tantalum concentrate. Otherwise, it'll be classified as other income. Never in any case will it be a service credit that reduces COGS as that would be going against FRS 2 rule of valuing inventories at lower of cost/NRV.

A40 Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

There are more pages in this discussion • 105 more messages in this thread...

First 307 Last

Add A40 (ASX) to my watchlist