No news on hedging. Sales price was in line with the Cu price movement over that qtr.
To be honest I thught AISC costs might have blown out even higher given the gravity of the pond leak and the associated costs to remedy it. It's almost as if they got away with it. It could have been a hell of a lot worse.
There was an intresting statement: the Company continues to expect that the VAT amounts due will be recovered in full once the DRC government resumes disbursements.
From memory this is the first time they have hinted at actually recovering the VAT refund as oppossed to simply saying what is owed.
I haven't had a chance to stew over the raw figures to 'read between the lines'. I don't like the look of those outgoing costs though. But now that the debottleknecking is complete, there is no excuses for not ramping this up and getting it where it should be.
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Ann: December 2016 Quarterly Activities Report, page-5
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