RE:RE:RE:RE:RE:22FY Q2 Results Have a good readGaillardDeshaie wrote: Yes, time will tell..but if you take time to look at LY 21FY Q2 and look at the numbers...JE is coming from a long and dark road. Actually, this is the best pictures since many years so Mr. Gahn and management team are doing the right thing to save this company and save shareholders hope to recover their investment. GLTA. Gaillard.
I'm not sure what you find so good about the current results. Gross margin is $81M which doesn't cover the cost of Admin, Sales, finance and other costs ($103M).
If you add realized gains on derivative instruments on the gross margin and reorg costs to the other costs, results for Q2 were $9M.
Most of the "gains" are due to the variation of the value of the derivative instruments (which are up because natural gas prices have doubled, not because they worked some kind of magic). They can't sell the derivative instruments since it covers their fixed price contracts (which were sold at lower prices than current nat gas prices).
Real cash inflow for the first two quarters from operations were $22.3M which is really short compared to the cash they owe right now.