HW earnings.....Q1 loss is misleading.
check out the RoughDiamond Inventory levels in the financial report.
inventory increased by a HUGE $15.5m reflecting a late quarter rough delivery from the mine of about 500,000 carats, worth about $50M in sales.
These diamonds, mined late in Q1, are recorded in the quarter at cost to produce, leaving about $70/ct off the books
Not a single meaningful question asked by ANY analyst at the AGM.
thats a big change from past quarters
RBC increases their expectation to $15