at a glance of quarterly my key takeaways were:-
1. Good to see more transparency finally on the financial numbers not just production tonnages etc
2. margin around A$10/t .....that's a lot less than I originally was expecting on my original and later investment, that's pretty tight margin given $40m debt and considering operations seem to be going well.
3. cashflow opening to close for the quarter only up $2m.......
4. forecast next quarter outflows $27M.... including $19m production during wet season down time assume no revenue income so really a cost to annualised production so this will certainly affect annualised margins in a big way.... as in all in sustaining costs AISC must include wet season downtime and maintenance costs etc - so not sure really how overall economics are really looking.
I'm out for now, as was planned hedge my bets ahead Dec-March wet season till review in late march and re start early April - see what comes but what's the annualised expected AISC and margin, anyone forecast that?.
DYOR
at a glance of quarterly my key takeaways were:-1. Good to see...
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