RE:RE:RE:All in all After having poured over the financials several times , I am left wondering one very important item . What is the debt ? OTOH Vet seems to recognize a charge from the Irish even though no legislation had been enacted prior to year end , and thus accordingly the deductibility of prior years losses has not been settled. Furthermore what part relates to Ireland and what part to the rest of Europe ?
To go on , anyone remember when unrealized hedging losses were added to the debt, has Vet now made a deduction for the very sizeable unrealized hedging gains ?
Lastly, let us remember that a very large debt load has been added due to the Leucrotta acquisition , as an offset we have barely one month of production at a low level during 2022.Should not the debt have been capitalized until the Leucrotta project gets up and running?
All in All, I would say that a very bleak picture has been painted and I feel that management owes us all a much clearer picture of the real situation.
If Anyone can help me to better understand the financials, it would be much appreciated !!