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banrowaaoversold

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banrowaaoversold

Re: None

Thursday, 06/18/2015 10:32:52 PM

Thursday, June 18, 2015 10:32:52 PM

Post# of 63744
Okay, 1195 is the average gold price for Q2 so far.

There are 8 business days left.

So for Q2, assuming only business days are considered....

Thats 57 weighted days at 1195 and 8 days left.

((57x(1195) + 8X) / 65) = 1200

So what do the last 8 days have to average to give you 1200 for Q2?

Based on my calculations....1235.

Umm, if the last 8 business days of June don't average out to 1235, ummm does this mean Banro can't use 1200 for Q2 determination of Balance sheet and Assets?

Things that make you go... HMMMMMMMMMM
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