The full post, somebody must read the BANRO losses or loss of character? Somebody has changed my posts?
Stockrocketer Thursday, 08/13/15 04:01:34 AM
Re: None
Post 38429# of 41146
A CASE OF TAXES ANNIHILATION FOR THE 2015 YEAR!!!
"Under International Financial Reporting Standards ("IFRS"), in addition to the project development and the associated exploration and evaluation costs, the Mine Under Construction balance includes borrowing costs, depreciation and pre-commercial operating losses. Prior to the recognition of impairment charges, as at June 30, 2015, the Mine Under Construction balance included over $70 million of borrowing costs, $20 million of depreciation and approximately $28 million of pre-commercial operating losses. The recorded $50.2 million impairment charge was less than the amount of the above indirect project development costs, indicating that the Namoya project development costs are recoverable under the prevailing market conditions."....
It only means, that the clear profit from operation for the next Q3 and Q4 will be at least $50,2 million, they want to use this mine under construction chapter use to terminate the high profit from H2 2015 operations to make the ZERO DOLLAR on the end of 2015 year, they have used it to ANNIHILATE THE TAXES AS WELL!!!!!!!!! THEY KNOW IT YET, THEY HAVE PROJECTED IT!!!
VERY GOOD DONE, THE ACCOUNTANT WIZARDS ARE WILLCOMED!!!! HAHAHAHA!!!
