GXY (ASX) Ann: March 2018 Quarterly Report clarification

Originally posted by GCar ↑

I wouldn't say it's not confidence inspiring. You're guessing - your lack of confidence is based on a what-if scenario.

They can't tell us every detail (whether we think it's relevant or not).
Perhaps it's part of the secrecy considering the multiple customers, with likely different contracted grades and different prices..?

If you are terribly concerned by something specific, just ask the company.

They've said that they are working towards higher recovery rates. That will likley offset additional mining costs associated with higher stripping ratios, in comparison to previous production costs. What are the forecast stripping ratios? We don't know. So, some analyst says they'll continue to be "high". What does that mean, specifically? We don't know.

But do we really need to know, or just want to know?

Obviously the company doesn't think we all need to know. If you ask them, specifically, about recovery or grades and they won't tell you, ask them why. Then you'll know!

Too many people getting antsy about "missing information" and "omitted details" and"different reporting formats" imo.

Your "biggest concern" was about lower concentrate production with higher quantities of processed ore; I explained that one away, now you are concerned that "if" the concentrate grade was lower than last qtr, then recovery rates have dropped.
Too many ifs!! You might be right, of course, but really, just ask the company because the speculation topped up with FUD doesn't help anyone (except shorters and those wanting to buy in cheaper).

Any lack of confidence about grades, recovery etc on my part will be based on specific factual information only. The last thing I would want to do is lose confidence based on an incorrect assumption and/or speculation.
I'm sure you would agree...?

If the detail bothers you enough to seek clarification from the company, please share here for interests sake. Thanks.

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My lack of confidence is completely justified and based on fact, not what if’s. GXY produced less and it cost more. Was anyone expecting that, doubt it.

Your assuming lower ore grade is the only reason for lower output because that info is known. Certainly is a major contributing factor but using info from Dec quarter I pointed out it may not be the only factor. It’s a forum for expressing relevant POV’s wether you like the or not.

Any details that impacts company earnings, I want to know as much as possible. It’s called being informed. Understand some details are commercial in confidence but a simple thing like concentrate grade is not one of them and it would have allowed for a more informed assessment of the situation.