1. Most Discussed
  2. Gainers & Losers
GXY $2.78

Pro Forma

  1. champers

    154 Posts.

    Here is what Pro Forma means, essentially it is not definite.​

    Assumed, forecasted, or informal ​
    presented in ​
    of the actual or ​
    information. The ​
    of a pro forma ​
    is to give a fair idea of the ​
    cash outlay
    for a ​
    or an anticipated occurrence. Pro forma ​
    financial statements
    give an idea of how the actual ​
    will look if the underlying ​
    hold true. Latin for, according to form or for ​

    If this deal does go to plan, the elephant in the room are the bondholders ~$62M. Interesting when there is only $50m (pro forma) in the bank. As we now await SH
    approval from both companies along with Chinese regulatory approval current expenses will erode the "Pro Forma" $50m being
    Interest on Tianqi $30m
    50% running cost of Jiangsu
    Exploration costs Sal De Vida
    Maintenance costs Mt Cattlin
    Admin and Directors remuneration

    Yes, the bond holders will need to be renegotiated.
    I am truly humbled by the slyness of the Chinese and appalled at the stupidity of our management and ultimately us as shareholders.
    I will attend the Extraordinary meeting.

    As a shareholder you are being fooled into believing that there will be $50m in the bank

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.