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10:13
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Originally posted by IceyDoctor
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The AUD gold price was $1626 last quarter and the lost money. There is nothing in the presentation or any other announcement to indicate they are making good money now. In fact they have reported nothing I have found which indicates that the turnaround has come, only that it will be better FY18. I have also not even seen any guidance figures for FY18. How does one maintain confidence in this continually saying things will get better but never in the present tense. Looking at slide 9 the mine plan was the same high total movement for the latest quarter, it does not drop until later in FY18.
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I’ve run the numbers and hold in confidence, the numbers are clearly there if you want to find them and listen to recent interviews of what the md is saying...provided there is not lost time from breakdowns they will likely produce over 20,000 ounces this qtr and be cash flow positive imo.
