RE:RE:TV Price Movement TriggersFirecracker74, I am talkng about Operating Cash Flow. Please refer page 8 of March 2021 Corporate Presentation. Operating Cash Flow in Q3 2020 was $17.1M and in Q4 2020 it was $20.9M. During both these quarters, Caribou was not operational.
I have read a lot on this board about loss from hedges. 1st, loss on hedges is not an operational loss. 2nd, it can't be a cash loss. 3rd, it is a loss booked due to accounting practices and not an actual loss. If, for example, the price of zinc is $2,800/MT and I have to deliver 1000 MT at $2,500/MT because I committed in advance to do so, then my realization is 1000 MT X $2,500/MT = $2.5M. Because the accountants have to make things comlicated, they bill book a revunue of $2.8M (1000 MT X $2,800/MT) and will book a loss of $0.3M on account of hedges. In short, inflate the revenue and book a loss under different head.