Actually Sushi, that report is fantastic and I was very excited to see the numbers.
My Posted Predictions vs Actual Result Revenue: $29.5m - $31.5m Av Price: $1215 - $1230 Costs: $720 - $820 Production: 24.5k - 27.8k
I really don't see any problem with the numbers or the report. Extrapolated out to full year, is fantastic for new producer.
Choo, reserves went up by more than that. The 186.6k oz is NET ongoing depletion. So you can add back the 27.7 produced in the quarter.
Anyone looking to day trade a producer is a retard, even at <$0.10 per share.
Now it's time to look forward to the full year result and profit. Personally am looking for $16-$18m NPAT FY, but will depend on terms of toll treating received in April.
I might stay awake for this quarter, look for further accumulation opportunities.
FML Price at posting:
5.5¢ Sentiment: LT Buy Disclosure: Held
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