Disappointing in my eyes, they had guided recently to achieve mid-guidance for FY24 at Tritton(19 to 24kt Cu) but only limped over the minimum of 19kt - due to their guidance I had predicted 6.8kt for Q4 but they only achieved 5.4kt resulting in a drop of $20mil in revenue(this was further compounded by a halving of by-product credits to $6mil from my estimate of $12mil). They achieved 11.8k ozs Au at Cracow over my estimate of 9k ozs resulting in extra revenue of $10mil. They only achieved 1.3kt Cu produced/sold at Mt Colin in Q4 compared to recent guidance of 2.0Kt resulting in a revenue drop of $10mil to guidance/my estimate. It would appear amounts owed to creditors increased by $11mil in Q4 compared to my estimate of a reduction of $10mil Net profit for Q4 on my estimates has shrunk from $31mil to $4mil. Aeris.pdf
AIS Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
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