Well what a very encouraging report.! What a difference the new Board, and new Management have made to the performance of this company and its prospects.
Six months and so much progress.
As the attached report notes there has been a plus $20m turnaround in the financial position
We can also get the full benefit of the current gold price, which of course is some $250 an oz higher than the hedge obligations.
Other positives we can take from the report include recovering more gold than anticipated from Zoroastrian Central, the grade is increasing and overall costs (both C1 and AISC) are reducing, which means the next few months of mining should generate a lot of cash for the company!
As I also understand it greenfields exploration in the next quarter will be ramped up and if that is successful it will help with the company's medium and longer term position, and of course the share price.
Looking at the share price the market is starting to re-rate the share, and quite rightly in my view.
Fly my Pretty.... Fly!
A good Board does make a Difference!!
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