True indeed there. I find it easier to just look at totally production and assume its all going to be sold as opposed to the somewhat artificial lines that are the quarterly divisions. If the current output is 16kt/month and the A$20 mil ends up being accurate, then AJM's production costs is near A$417/t (US$292/t) with still room for improvement via increase production/recovery. This is very low compared to peers and shocked me a little when reading the last announcement.
Perhaps though AJM do need cashflow more for the time being. I'm no expert of what happens if a company fails to live up to its contractual obligations. I do suspect that AJM is looking about for a potential replacement for JRO.
Overall, its a solid announcement today.
* Production goals largely on track
* No indication costs will be different from their A$20 mil projection for the quarter
* SC6 all being sold irrespective of JRO
Just going to be patient
- Forums
- ASX - By Stock
- Ann: Operations Update - Record Month of Production
True indeed there. I find it easier to just look at totally...
-
-
- There are more pages in this discussion • 64 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 1MC (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $8.123M |
Open | High | Low | Value | Volume |
2.8¢ | 3.1¢ | 2.8¢ | $1.312K | 44.77K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 47762 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 10583 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 37762 | 0.029 |
4 | 442579 | 0.028 |
1 | 61938 | 0.027 |
1 | 100000 | 0.026 |
5 | 280423 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 10583 | 1 |
0.031 | 295524 | 4 |
0.032 | 92168 | 2 |
0.033 | 378549 | 3 |
0.034 | 270000 | 1 |
Last trade - 15.41pm 04/10/2024 (20 minute delay) ? |
Featured News
1MC (ASX) Chart |