Wow, a bit of vitriol creeping in.
Joe is quite right, $7m fcf on $135m sales equals $140 per oz, so high costs. Hopefully a higher gp this quarter will improve fcf.
The 100% comment is interesting as although correct, doesn’t account for the fact the management dropped their pants twice for capital raising which severely lowered the sp.
I’m happy with the way things are trending, but wary of the aisc for future quarters.
Ann: March Qtr Puts Red 5 On Track To Deliver Top End of Guidance, page-16
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