Post by greyowlon Nov 28, 2024 7:57pm
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Post# 36336573
Profitable, Substantial Net Cash, Trading at 60% Book
Profitable, Substantial Net Cash, Trading at 60% BookEarnings per shar would have been closer to 2 cents a share instead of
1 cent if they recognized some of thier Canadian Tax Pools. Some of that
expense was not actually paid but rather shown as a deferred tax liability
(which can be re-assessed if profits contnue and tax pools are recognized).
All in all cash generation looks very good even with the reduced gold production
this quarter.If they can be keep it up they will be in the selct few who
can show a Enterprise Value / Free Cash Flow ratio of below 5 (which
is considered very good).
Keep an on on Malaysian currency vis a vis the fedbux which has been bouncing
around a bit leading to a negative $1.5M (non cash) adjustemnt to profit this quarter.
Restricted Share Units are a double edged sword and should be everyones mind also
as the share price appreciates..
Hoping a continuing rising gold price which will allay all all other concerns.
GLTA and thanks for presenting your views.