Long Run Explor Ltd Ord WFREF

RE:RE:Depletion and depreciation expense

[iwpete]

kylerollwagen wrote: bank debt is really 625M and no 60M is not sitting somewhere it is an expense but it is non cash expense and thus why cashflow is much larger than net loss as one adds it back to net loss with other non cash expenses to arrive at cashflow

Thanks Kyler, I kinda figured that.
Mark Twain wrote .. "There are three kinds of lies: lies, damned lies, and statistics." 
I think Mark Twain got this from the phrase about three types of unreliable witnesses, "a liar, a damned liar, and an expert"

So after reading their income statement I figure LRE have got themselves an expert.