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Short covering rally soon?, page-28

  1. starsky
    474 Posts.
    lightbulb Created with Sketch. 24
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    18/12/18
    11:02
    Post #: 36891559
    This is explained (to an extent) in the annual report.


    The increase in LGC inventory volume is due to forward sales, mainly from Bodangora. The inventory is at current prices, and gets marked to market at the time of generation. given 60% is forward sold, this is in essence lots of pre-sold future revenue.


    edit - it comes off Balance sheet and into revenue (marked to market) at the time of generation.

    Last edited by starsky: 18/12/18
    IFN Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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