Australia's largest stock trading and investment forum Australia's #1 stock forum

AUL

Click for more information

0.00%

28.5¢ austar gold limited

Correct.Also gold seems to have bottomed and is on its way back...

First 19 Last

Share
Profile

Follow
vertigo

11,416 Posts.

350

02/12/20

14:25

Post #: 49297818
Share

Originally posted by josimar: ↑

"Operational impact to Quarterly Gold production to date: Recent operational issues at the Morning Star Mill have been largely resolved. Gold production was materially reduced in October and November, however with Miningproduction and grade outcomes on track to meet or exceed budget for the quarter"

The Last Line... so they are on track to meet or exceed budget for the quarter. So the questions then are, what was budgeted? Break even, make a loss or make a profit? To answer that, just asked yourself whether they would seriously budget a loss for the quarter, when the Chairman had stated how teed off he was that the company was still making a loss?

And also will they achieve it when they stated they will make budget or exceed that? In this regard take into account that the volume of mining ore produced is less than a third of mill capacity. So they could easily process three months of ore in one month.

So the company could be announcing a first profitable quarter with the promise of increased ore throughput with the development of more reefs. Whether the new reefs have profitable grades or not and whether the gold price goes up and down is a question for another day.

Expand

Correct.

Also gold seems to have bottomed and is on its way back up.

AUL Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce's R327 found effective against E.coli during clinical trial

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

There are more pages in this discussion • 91 more messages in this thread...

First 19 Last

Add AUL (ASX) to my watchlist

SPONSORED BY