yes total reported for group in 12 months was 2.454M, so you get to 46 on 53000 pounds.
if that's only half of actual because of the accounting based on only Tawana under this accounting standard, Tawana, the accounting acquirer, then double it again to 92 in an attempt to approximate 100 %,
so 92 aud,
92 AUD at 72 cents to usd is 66.50 ish usd before royalties/ pound
ITs definitely all over the place under this merger and merger accounting standard. One only has to look at total ore inventory on hand at end of the QTR for the group which would be based on cost, 34M AUD for a stockpile of 17895 WMT
Next report will definitely be clenaer, that is agreed, however,
one thing is for sure, the bank balances quoted as actuals in the balance sheet of the group for end of year financial report reconcile to Qtrly report , so the bank balance stated as per the financials as the balance as of the 14th march (last week) should be taken as accurate.
we know the balance included in last weeks balance included proceeds of additional borrowings taken on the 4th March, and without the proceeds of this net 7M in borrowings, cash at bank would have been below 5M - hence another reason for the "restructure"
A40 Price at posting:
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