KAU 11.1% 15.0¢ kaiser reef limited

Ann: Half Year Accounts, page-14

  1. 9,197 Posts.
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    T8 another CR can't absolutely be ruled out, but it's unlikely.

    (1) they only had a CR pre-xmas, ưhich presumably met foreseeable needs..

    (2) in its half yearly, KAU reported current assets on Dec. 31 of A$7.8 million, including more than $4m cash and almost $2m in inventory.

    the Feb. 13 production update seemed to suggest the worst was behind us.

    you don't need too many weeks mining at 13 gpt with an AUD spot gold price well above $3k to quickly build cash reserves, even for a boutique operator such as KAU.

    the 2023 calendar seecond half presented serious challenges, delaying the expected turnaround after a sizable capex was meant to see output surge..

    the company took appropriate steps to address these and steamed ahead, if you believe the Feb.13 update, which i do.

    any investor who doesn't believe company statements is probably punting at the wrong track.

 
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