TSX:LSG.DB - Post by User
Post by
bossuon Feb 28, 2016 10:28am
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Post# 24603041
Did he cooked the books ?
Did he cooked the books ?We know now that Tony has been in talk with Tahoe for months and may be a year and he may have issued directives to expense as much as possible to show darker picture of LSG performance with the blessing of THO CEO. For exemple the production cost were $ 135 MM compared to $120 MM in 2014 for $ 15 MM more............. The exploration cost were $24 MM compared to $ 3MM in 2014 for an increase of $ 21 MM........ Depletion and depreciation was $ 80 MM compare to $ 72MM for an increase of $ 8MM in 2014. The total is $ 44 MM affecting the bottom line accordingly!!! So did Tony cooked the books ? Most probably to a '' certain'' point but we will never know for sure !! Tony we d'ont trust you any longer because you have betrayed all of us...