Some stuff from PDAC
Financing of Timok by equity is the last on the list. Mostly because of LZ. The question which bothers Incube a lot about how much had Davis got on exit, $2.5M or $14M was addressed to annual meeting circular, like, there the numbers will be disclosed. Next, we have essential difference between ounces produced and ounces sold. In 2017 there was around 210Mlb of zinc produced and only 172Mlb sold. In my view the company can manipulate Q and annual results by delaying sales. Scott said that mostly it's about shipping schedule and quantities of the load. May be. According to the reports that Stockmaster (thank you) posted NSU missed their expectations on earnings. Of course. You sell less than you produced. Not sure if $188M in operating expenses include the money spent on those ~38Mlb of zinc and some copper. I think, these amounts are in the Inventory line in the report. Work-in-progress and concentrate . All together, somewhere around ~$30M. But they are recorded at the cost of production. The question about segment information (I raised it before here) what is it we have in North America around$120M there was no clear answer. There was a some kind of mutual assumption, mine and his, that this is money in the bank. I would agree with that but in some quarters this line shows losses of several millions .How come?