US$43.42T = @0.73 = AUS$59.50T
so in Q1 AGO reported COP at AUS$58 (and dropping) when AUS$ was at 80c
So now AGO COP for Q2 should be ~AUS$53
So AGO realised sale price was in Q1 AUS$61, at 8oc
So now AGO realised sale price average for Q2 should be ~AUS$61 at 73c
61-58 = +$3T (Q1 & maybe now)
or
61 - 53 = +$8T (Q2 on my maths)
x 15MT pa/4 qtrs. = +AUS$11M to +AUS$30M per Qtr.
So free cashflow of +$11M-$30M
(per Qtr EBITDA precapex),
if my figures are right the cash at bank may be stable equilibrium and the market will be stunned by this. Expect capex to have been slashed also as IOP slid in December
Haplo
Your chart on TA looks like a technical breakout pattern V, next few weeks will show if its real or it gets pummelled back as the "herd" expects, even bearish "experts" are giving excuses of holidays, light volume, blah blah
On technicals the spot IOP needs to crack the 2 prior lows of 45UST & 47UST. From there 59 & 66 are the prior top point resistance levels. Of course the "herd" thinks IOP will go lower from 40 to 30...hahahaha, its way above that now and this would equate to mass deflation pressures in china, japan, korea, Australia, brasil & the globe! ... wrong again as I told you so.
The IO "cartel" is responding, the chinese buyers with depleted stock are buying on market apparently.
The herd has been wrong once again. What no plaudits for my correct call on the IOP?
Didn't think so, you downrampers are blinded by your own ignorant facetious poison to see the reality on the ground. "The sky is falling"... "the wolf is coming"... wrong again little boys.
AGO has survived, IOP is rebounding, IO is one of the major commodities for this Asian century proven thrice already in the last 12 years. Face the reality, AGO is a WA Icon and a large producer with AUS$800M annual income and has survived. Income is power, undervalued low debt assets are powerful.
We the silent majority are sick and tired of hearing chicken little and the boy who cried wolf for the 1,040th time.
A close at 1.9c flatline once again on extreme low volume, $5K all day...pathetic, that's my painters bill for this week, nothing!
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