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2.3¢ a1 consolidated gold limited

Hi flyboy77 They net the gold sold against production costs...

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retiredyoung

3,423 Posts.

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02/11/16

08:52

Post #: 20299208
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Hi flyboy77

Originally posted by flyboy77 ↑

All i'm saying is that, in my opinion, if they had sold the gold they produced in the Sept. qtr., it would be reflected in the Sept. cashflow report.

There was nothing reported - as you pointed out - in the 5B, line 1.1 receipts from product sales and related debtors - so yes, that $3.5m odd of revenue has not yet been reflected in cashflow imo.

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They net the gold sold against production costs until the declaration of commercial production. Therefore the net is $60,000 for the Sep qtr, see below:

AYC Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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