HFR 1.79% 27.5¢ highfield resources limited

Ann: Quarterly Activities Report and Appendix 5B, page-4

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  1. 1,197 Posts.
    lightbulb Created with Sketch. 53
    I wonder where they have that $60m odd sitting. Says Bank Balance $58,800,000. Yet there is no interest earned?? Surely it’s not sitting in a non-interest bearing account?? Even at 2% that’s $300,000 a quarter.
    In fact it cost us $51,000, work that out.
    At least they made up for it with foreign exchange gains $3,365,000 in 9 months, just as well else that pile of cash would be quickly getting eroded.
 
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