RE: Does anybody understand thisMy guess is they've calculated the cost of sales by including every last cent of expenditure that could possibly be expensed rather than CapEx'd. Strategy is probably to completely screw NIS since they are only entitled to a share of the net profit. It is obvious to anyone following this that the earnings release is more about their relationship with NIS than their relationship with the investment community at large - or even their own public shareholders.
Personally I'm mighty pissed off with this release as it's killed the rally stone dead and does nothing to bring on board a new wave of institutional investors to drive the stock price back where it belongs.
And where is the news about Chile?????
PC is all well and good, but will be a drop in the ocean compared to the iron ore.............