In the past I have found reference to bullion in the Annual or Interim reports. The latest interim stated how much bullion had been allocated to RND but no figure for bullion under Current Assets and so I have to consider any unsold bullion was included in the Cash & Equivalents value. The latest quarterly shows that Cash & Equivalents has decreased over the quarter. However, taking the stockpiled ore and assigning a net margin of A$950/oz to the gold contained (POG @ A$2150/oz less AISC at A$1200/oz) and adding this to the Cash & Equivalents, I get a total of A$7M.
Using these figures, I find that my valuation of RND has increased substantially and so I do not know if my previous figures for bullion on hand were incorrect or not. Yes, it would be nice if RND was more forthcoming with its situation.
RND Price at posting:
$1.42 Sentiment: None Disclosure: Held
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