Whilst other companies have already flagged COVID... and staffing issues, it's still a frustrating outcome, especially when I look at my wildly optimistic expectationsThat being said....
Processing rates continue to increase.
Recovery rates continue to increase.
Grades continue to increase.
Cash burn is reducing (my belief is Dec was just off cash flow neutral - not a glowing statement I know).
'Large stockpiles' continue to be available... incredibly important for this company because... of it's past perofrmance.
Cash burn for the quarter was $15m My guess.... something like $8m in Oct, $5m in Nov and $2m in Dec.
Good to know they did get the $30m from Min Res.Could have been worth telling the market.
As for the... no more monthly updates. Sorry Paul. That is simply not acceptable. You get to make that choice when you can actually prove to the market that you can hit the targets.... you assured the market you would reach a year ago.
The company MUST... announce to the market once they achieve commercial rates. It's as price sensitive as it gets.
Perhaps you are right @wassa - an offer will come... since all the hard work and non-sustaining capex has now been sunk...
Not surprised to see strong buying at these levels. The risk keeps reducing (but... patience is required).
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Last
$3.81 |
Change
0.100(2.70%) |
Mkt cap ! $1.508B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.85 | $3.71 | $2.355M | 625.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 3509 | $3.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.82 | 3502 | 16 |
View Market Depth
| Last trade - 13.35pm 30/07/2025 (20 minute delay) ? |
| PNR (ASX) Chart |