the lack of transparency with these jokers is quite astonishing. According to ASIC and what a reasonable person would expect following the release of recent announcements. Ravenswood has produced 10k ounces at astronomical prices, as 10k ounces out of 430k ounces is approx 2.5% of annual expected production and therefore should have limited effect on overall AISC.
the announced they sold off there highest cost mine that was going to contribute 16% to annual production and therefore contribute to 16% of AISC.
they reduced production, but they didn't reduce AISC. there is no reason given. the only thing that a reasonable person can conclude is that the production of 10k ounces and sale of Ravenswood had astronomical price tag associated to it. management know this and therefore limited people trading this stock know this so why doesn't ASIC stand in and ask for clarification?
Ann: Sale of Ravenswood Gold Mine Completed, page-54
Add RSG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
67.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.426B | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 70.0¢ | 66.0¢ | $11.49M | 16.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 230898 | 66.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.0¢ | 81462 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RSG (ASX) Chart |