AYC had $366k cash at the end of Sept ... they only sold 127oz of the 415oz they produced in Sept Qtr ...so they should have by now added round $460k to that cash balance ... then Subsequent to the end of the Quarter poured a further 458 ounces of gold in OCT... (at $1000oz AISC say another 270k in EBIT)
Really AYC did nil to help the market understand the project and forward plan...so no wonder the SP has been hit ...
Why o why couldn't they have stated they were ramping up production as that's how it looks to me major Development outgoings 700k and more for DEC qtr ...production going from 415oz from Sept to 458oz just from the End of sept to report date ..! thats round a 300% increase month to month...is this going to continue will we see 900-1000oz in Nov or Dec or will it not be till March Qtr .....????
well that's my take
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