RE:RE:RE:RE:RE:RE:LGO NEWS!st_esteban wrote:
Q3 and Q4 (coming out today) for 2020
So I understood that you were using the compatison between Q3 2020 and Q3 2019 to talk about Q4 2020 (Q4 coming out today). Right?
My question: Why does the comparison of Q3 2020 vs Q3 2019 have much to do with Q4 2020? Why is Q3 2019 relevant to Q4 2020?
st_esteban wrote: SKiamforsure wrote: We shall see what kind of earnings they show
We shall see
Any ideas ?
Sk
For Q4 I expect an improvemenr over Q3 results due to increase in V price but nothing major. On top of that, the results for the whole year will be mixed and hard to understand since this was a transition year that included Glencore
If we use the Q3 2020 Highlights
Solid financial position: Cash at September 30, 2020 totaled $74.9 million
Q4 - after repayment of debt: ~50million Revenues of $27.5 million, an increase of 14% over Q3 2019
- For Q4 should be higher due to increase in V price
- final number depends on actual sales Revenues per pound sold7 of $5.37, a 34% increase over Q3 2019
- for Q4 more than 5.37... maybe 6 (we don't have the actual V price) Net income of $2.6 million vs. a net loss of $6.0 million in Q3 2019
- more than 2.6 million for Q4 depending on sales Total sales exceeded production levels ...
- expect the same ...