Well, I didn't give you a thumbs down, but if people do, it will be reasons other than you suggesting a Cap Raising, it will be on the basis that your post lacks any substance whatsoever.
If you have consumed copious quantities of alcohol from early morning, then you can be excused, otherwise, on what basis do you come to such a conclusion?
The Gold price for the June quarter has been essentially the same as that achieved in the Mar Quarter in AUD terms. Not hard to verify this.
Production and thus, ounces sold, are set to remain static with the last quarter.
Grade is expected to increase.
Cash costs are "said" to be reducing.
Last quarter the nett decrease in cash held was around $1M.
After that, they had $17M left in the bank.
Based on what I have said above, how does your analysis yield or point to an imminent Cap Raising and for what purpose?
If you wish your moniker was argumentativeation - then yes, I have taken the bait. Congrats.
FML Price at posting:
3.7¢ Sentiment: None Disclosure: Held
