AAM aumega metals ltd
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aam in ceasers top 25 mining tips for 2011, page-26

  1. Bayer3
    117 Posts.
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    11/01/11
    23:40
    Post #: 7719743
    Thanks for the info and discussion.

    Can anyone suggest why the company forcasted operating revenues of only $7,500,000 for the December quarter (ref: ASX response of 22 Nov 10). I would have thought that gold production of 8280oz (forecast in Sept qr rpt) would bring more like $11m (assuming POG of $1350/oz). Unless there is a big lag between production and sales? $7.5m revenue implies that they only sell about 5500 oz during the quarter. What sort of lag between production and sales would be expected?

    Cheers.

    AAM Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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