On non sealed roads roadtrains do no go well ( especially if they are tripples) due to traction. This, of course, also depends on terrain. In an emergency, the prime mover can operate with one trailer
(1/3 the payload).
The other variable is the type of ore (has it got clay) and the ability of the crushing
& grinding plant to handle wet ore.
By the sound of it, the rain on the 2nd & 9th March severely hampered production culminating with the
TH.
Let's suppose that Jan-Feb + a few days in March produced the 11,079 oz hedge @ $1709 AUD /oz:
thats about $19 mil revenue. And let's suppose that the Mar outgoing is correct at $38.38 mil.
Cash at 31st Dec was $10.7mil + CR Feb of $35 mil. (total $45.7 mil)
This would mean a cash burn of $19.38 mil or a cash balance of $26.32 mil without further debt payments.
Would this be positive or negative for the stock? IMO, the market has already factored-in this.
MM
PS: All of this is IMO: so please do your own research & consult a financial advisor before investing or selling.
BLK Price at posting:
39.5¢ Sentiment: None Disclosure: Not Held