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Alias Born 07/11/2014

Re: None

Wednesday, 08/10/2016 10:13:12 PM

Wednesday, August 10, 2016 10:13:12 PM

Post# of 63744
Many people still don't know how to read finance.

The Q2 is actually much better than it should.

How can people read finance just based on gain or loss? We could be a big net income, if Gold price were $895 and BAA price were $0.10. Or we should have even a much bigger loss if gold were $1500 and BAA price were $2.

So, the only standard to evaluate finance is cash flow from operation.

It is the first time for BAA to be positive cash flow from operation


three months June 30, 2016, $ 2,618k
three months June 30, 2015, $(4,800K)
six moths June 30, 2016, $(7,884K)
six moths June 30, 2015, $(12,952K)

So, BAA made a new record in its history.

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