With so much talk about this being the worst quarterly since the beginning of time I decided to have a look how did everyone else do.
Was A40 bad? yes it wasn't good, but how did everyone else stack up.
This is increase in debt or decrease in cash position during the December quarter from our peers.
Before anyone tries to stab me from other companies don't worry I took out development costs, because it would have unfairly punished companies who are mid expansion like ORE.
When you look at share price movements everyone has been beat up as they should.
But considering the January result we showed and the fact that GXY/ORE in their calls all indicated that next quarter nothing is set to change and AJM/PLS outgoing eclipsing their potential revenue, we are actually only ones next quarter actually capable of showing a profit.
I think we have been treated very very harshly.
A40 Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held