On August 4th, ABM issued a presentation confirming guidance for AISC at $750-$870 based off of 150k tonnes. Therefore, in the absence of no further announcement to the contrary, we **should** be able to conclude that the AISC guidance stands as per the August announcement.
Hi thrumyeyes, Sorry for not replying sooner, was very mentally maxed & taxed out,
I agree with your statement 100%, Likely as Bob miner & I have eluded to, increased costing's due to the opening up of four x open cuts, especially when you compare
Arial photos re; Golden Hind development- moving large volumes costs big $.
I was expecting initial costings to be higher than projections-so I was not that
concerned, what I am more concerned with is the lack of clarification associated
with them in quarterly, is it simply an oversight with the changing of the MD
or is there a more sinister explanation, regardless its not good enough &
without clarification it has greatly contributed to the sell off, this is why I
decided to post simple hypothetical cost vs production numbers, implying
that even with those elevated quarterly costings that are unlikely to be sustained,
we would still be generating good positive cash flow.
IMO-the company should have already issued clarification to reassure
investors that we are on track, hope some or as many as possible call ABU,
ASAP and voice your concerns abruptly.
imo -salt
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