Tilly, I'm on board with the 'reserve some concentrate' strategy.
But I wasn't expecting to see monthly revenue below August.
Looking at month-on-month from the two Kipoi Production Reports:
August September M-o-M Cu in Concentrate (tonnes) 1576 2264 UP 43% Concentrate Sales (tonnes) 7815 7970 UP 2% LME 'Monthly' Cu settle (USD) 9041 8315 DOWN 8% Revenue 7521 5071 DOWN 32%
LME price source: http://www.westmetall.de/en/markdaten.php?action=show_table_average&field=LME_Cu_cash
August production was materially affected by an (understandable) Heavy Media Separator maintenance/commissioning/bedding down issue. Wasn't expecting September revenue to be 30% below that. And not when Cu in concentrate number was up so markedly.
Maybe it's something to with receipts - accrual exists, but monies not yet received.
Still, we're producing! So roll on continued sales, improving operations, no diluting new equity issues... and Stage 2.
Ann: Kipoi Production Update , page-4
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