Net debt fell in AUD terms by ~A$5.7M but liquid assets have also fallen by A$1.6M during the quarter, so good for the debt holders, not so great for the shareholders.
The turnaround continued but liquidity will come back under pressure if these results aren't replicated in the current quarter.
They have a lower grade ore stock pile to work with but will need similar grades to replicate the current quarter. My doubts have always been how much viable gold will remain once the debt is paid down. More medium to long term downside here (than upside) unless they reinvent themselves IMO DYOR. Esh
Ann: Record Gold Production March 2018 Quarter, page-48
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)