Finally a decent quarterly! I am stoked and I am sure everyone else is! A shame for those who sold yesterday predicting a poor quarterly but IMO it is still cheap as chips and you have only lost 7% with that error. I am predicting the momentum to continue all throughout the quarter IMO. Gold prices should stay buoyant as the economic and geopolitical issues are not going to change and improve anytime soon. I am unsure about copper prices... they may be up and down but a reversal is definitely well in play. By all accounts there is a global copper shortage so we should expect it to rise but stranger things have happened in recent years! I am happy that management have improved production and kept a lid on most costs, the wet weather also did not have much of an effect on operations as many expected. Overall, a massive result and I would have thought a 15% gain day at minimum. These additional share price rises will probably flow through and be delayed in the next couple of weeks as we approach $5. A lot of the institutions, super funds etc have to start taking more notice now after this release! As more enter, the momentum will only increase. Good luck everyone.
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- Ann: March 2024 Quarterly Report
Ann: March 2024 Quarterly Report, page-16
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