RE:RE:Comments on the last Q4. Precious metals Precious metals consist of bullion bars and coins owned by the Company that are separate from client assets (note 21).
The following is a summary as of June 30, 2024, and March 31, 2024:
Quantity Fair Value Quantity Fair Value
Gold grams 23,131 $ 2,370,850 17,560 $ 1,691,278
Silver ounces 7,305 $ 294,842 8,072 $ 269,941
Platinum grams 2,238 $ 100,121 2,984 $ 117,152
Palladium grams 1,222 $ 52,474 . 1,289 $ 55,456
Total precious metals $ 2,818,287 $ 2,133,827
This is the Quantity they trade ( keep ) for themselves.
This has little importance now . They have had until 30 times more before selling for properties.
I just mention this funny little repurchase (5.5 kg ) because higher than their sale last y .that said It could be for good reason.
21. Client Assets All client assets are held off-balance sheet. Cash is deposited in bank accounts managed by Goldmoney that are separated from the bank accounts of the Company’s own working capital. Precious metals are stored in independent vaulting companies by Goldmoney on behalf of its clients, who always retain title to these assets.
Quantity Fair Value Quantity Fair Value Cash
june 2024 march 2024
Cash $ 61,472,682 $ 58,613,174
Gold Grams 14,109,900 $1,445,401,263 14,380,232 $1,390,424,625
Silver Ounces 22,085,465 $883,434,053 22,374,216 $753,160,869
Platinum Grams 605,203 $26,573,932 628,451 $24,811,617
Palladium Grams 98,622 $4,222,638 98,403 $ 4,353,261
Total $ 2,421,104,568 $ 2,231,363,546
Easy to see they lost 280 kg of gold (oz 9000 ) and 300koz of silver.( 2%)
The rise of pm masks the reality. This is the trend for many quarters now. The profitabilty is increasing but at the expenses of the accounts ( the smallest i guess) .
At the end no worries. Because this core business has 0 or very little value in the marketcap . Stupid as it looks like a perfect royalty affair . ( remember gold royalties companies has in average a 40 per . Here less than 4 as of today ! )
Gl.