Ann: June 2024 Quarterly Activities and Cashflow Reports, page-14

thanks for the link calmbeforestorm and the time those comments started (so I don’t have to listen to the rest of their unprofessional rant of 4 letter words and bucks etc)
When does a $1500 operational margin become 150 bucks?
When does $10 million become 10 bucks??

The MOM guys have been sceptical about OBM for a long time, and they don’t give Luke Creagh the credit he deserves in turning this operation around.
That last quarter was clearly the turning point and it would have looked much better had it not been for that weather event that restricts using the roads for some dangerous goods etc.
The production that wasn’t included in June will be included in July … so Sept quarter should be solid.
The production of ore sourced from Riverina underground is not rate limited to 600,000 tonnes per annum, they can do more if/when they choose to.
The spend over the next 12 months can clearly be managed by simply diverting the growth exploration spend.

People listening to that ramble probably wouldn’t touch OBM, yet I expect it up another 50% between now and next 6 months (Jan end 2025) … so let’s see who ends up being closer to their mark.