Hi Shaun, The actual results are definitely better than the forecasts made only 3 weeks ago in the 'Thunderbird Operation Update', which makes you wonder why they issued that update in the first place?
Putting on my Devils Advocate black cape (and given your H.C. profile avatar, maybe you should be doing this more often...), a cynic might conclude that SFX are indulging in some 'expectation management' by guiding low and then exceeding those expectations.
Although generally positive it should be noted that they still failed to meet many of the forecasts made in the 3Q/2025 quarterly report, the one that particularly stands out for me is the forecast C1 cost/ton conc. produced of A$285-A$315 blew out to A$347/t, which concerningly exceeds the average price received for the conc. of A$326, and which implies that at current product pricing, Thunderbird is not covering their cost of production.
GLTAH & DYOR!
SFX Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
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