Ann: Half Year Report and Appendix 4D, page-11

My maths was right!

59 - 56 = +3 x 15MTpa = +AUS$45Mpa free cashflow
hence the increase in cash at bank from $102M to 107M

Months ago I calculated the maths of their COP AISC & realised sale prices and predicted this very same result for Q2, rising cash at bank, profitable production and lowering debt.

I was right on my maths but the SP didnt reflect it, went from 3.3c to 1.0c.

IOP has now spiked up from then 40UST to now 51.6UST so the gross realised IOP received by AGO sans hedges should be now 20% higher than in Q2 when IOP averaged 43.

This bodes well for Q3
Q3 64 - 52 = +AUS$12 x 15MTpa = AUS$180Mpa free cashflow here on
Whio needs to wipe the debt, do it iin paydowns over 5 years like FMG.
Swapping debt for equity with a large dilution effective takeover by creditors may be stalled or a bid may block it.

market now realising AGO doesnt need the debt for equity swap, rerating AGO that the deal doesnt proceed or a bid comes in.

850M shares have been bought since relisting and today another 150M, tells me someone has accelerated buying AGO stock and may bid for AGO, best candidates are locals FMG MINRES