re: Ann: Media Release - Quarterly Activities... Gold one is discounted and their are reasons for it.
Mgt need to over deliver and under promise rather than the other way around. Analyst coverage is thin and because previous targets aren't met they will wait to see how this settles. The bottom line is ME is coming along nicely and cash costs are going to struggle to meet ambitious targets.
Rising costs in mining are not all under the control of goldone and include higher electricity prices,wages and of course forex with the rand. I was reading a recent report and they still think cash costs are going to hit US$300, which is a pipedream in the current climate. Money is running into areas driving prices higher in general and it's impacting on more than just the gold price.
As long as they lift production and contain cash costs this will still run nicely. The company is trading in range closer to an advanced explorer rather than producer.
- Forums
- ASX - By Stock
- Ann: Media Release - Quarterly Activities Report
re: Ann: Media Release - Quarterly Activities... Gold one is...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GDO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online