An outstanding report - way better than what they forecast in terms of lower ASIC and higher production achieved.
Free cash flow of $76m for the quarter.
They are finally net cash positive and will finish buying back their remaining debt this quarter.
Decision to invest in Gwalia deeps to be made this quarter after further investigations.
Would have liked to have seen some success in finding more oxide ore for their Simberi mine.
Hopefully this report will move the share price, but who knows?
GL all.
loki
Ann: Quarterly Report Q2 December 2016, page-3
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