Yes we already had most of the data from the first two quarterlies. I'm not surprised the market has responded negatively. 83koz for the FY at an AISC of $2300 certainly isn't going to fill the coffers. Then add in the cost to get Federation running and money is going to be tight. I read into the production guidance for all metals that Federation won't be contributing this FY so the timeframe to production needs surety and hopefully will be announced by end of March. Hopefully we will be producing from Federation early in Q1 2024, but I used the word 'surety' before and now have descended to 'hopefully'.
We had $75 million cash at hand end H1 2022 and now $23 million same time this year. It's disgrace after disgrace in my view. Anyone who helped appoint Clifford should excuse themselves from office, and anyone who enabled the moves he made unchecked, likewise. Accountability at the very least should encompass a decline in Board and top exec, remuneration. Surely there must be a link between a decline in market cap from around $600 million, to the paltry $130 million (approx) of today. Clifford walked with a large salary and incentive shares, the Board marches on, shareholders carry the can. It isn't good enough.
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Last
20.5¢ |
Change
-0.010(4.65%) |
Mkt cap ! $346.9M |
Open | High | Low | Value | Volume |
21.5¢ | 21.8¢ | 20.3¢ | $7.268M | 34.96M |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 849629 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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21.0¢ | 750975 | 9 |
View Market Depth
No. | Vol. | Price($) |
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5 | 849629 | 0.205 |
34 | 2600176 | 0.200 |
17 | 879886 | 0.195 |
12 | 626219 | 0.190 |
8 | 203095 | 0.185 |
Price($) | Vol. | No. |
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0.210 | 750975 | 9 |
0.215 | 430223 | 9 |
0.220 | 808974 | 7 |
0.225 | 544669 | 9 |
0.230 | 439553 | 7 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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