""# The last few announcements have laid out production forecasts, even cost to Ballera. $""
Perhaps you could guide ne as to where they have stated anything of the likes I wrote in my post.
We don't want them telling us that they are tripling gas sales sending down the pipeline when they are not telling us what the tripling basis and the real amounts of gas they are selling.
Nor have they told us that they are selling gas at a net taxable profits either. As such it could very well be that we are selling gas at a loss especially if we are to fulfil our contractual obligation we have in place with Macquarie where we have sold 5 Pj of gas at $2 per Gj. If we are, I can't see any profits form that sale but only losses as the cost of production is way above the $2 mark.
I could very well tell you that I tripled my profits in some shares but what use is it going to be to you if I don't tell you what my profits actually are. Is 3 dollars ($1 x3) or is 30 dollars ($10 X 3).??
As for your last comment about cash flow report, it really mean nothing. Cash flows, while it means that money has been circulating/generated, it is irrelevant to the bottom figure to determine the net profits made for anything..... IMHO, there is a hell of a difference between cash flow and Net profits where the net profits will represent value to the shareholders while the cash flow means nothing.
Just look at the past history of this company where they always had cash flows coming in while they have never ever made a profit, (Yep losses after losses), and then come back to me.
Dyor.!!
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