1) 0.7mt produced against guidance of 0.83mt
2) Lost $2.1m for the month
3) or $525k per week
4) or $75k per day
5) AUD adjusted about 4% or about $1.7usd/t based on average 58% grade price
6) Obviously chasing the best grade in the pit and maybe mining out of sequence. Also the Mt Dove crusher is out of action due to the lithium crush and carry deal.
7) Burning excess dollars to chase best grade
8) 45k/t manganese in June so wont see that coin til next FY
9) Lithium crush and carry in June so again wont see coin until next FY. AGO have paid upfront for this material risk/privilege? Crazy.
10) Funnily they mentioned compliance with debt obligations will still be met. "Thanks to MIN for the $4m loan/gift"
This announcement is very much in the shareholders interest and it would be remiss of the company not to provide fiscal guidance of this nature which in essence is advising the market of a substantial loss for the third quarter in a row.
AGO Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
