I’ve looked at the last quarter, and I’ve relooked at the guidance in light of it. I now have my view of how the next few quarters are going to play out. I will revise that view with nickel and cobalt prices (not too bothered about copper) and any production updates. I will be much more comfortable when they lift production 30 to 40% (vs circa 70% for FY23 guidance).
Not interested in the past per see, only interested in what it tells me about the future.
You meanwhile will wait for the market to tell you what it all means. That is fine with me that you prefer to follow the retail herd.
Your first post of the day attempted to mock and belittle those you thought were trying to understand the numbers, which were presumably beyond your grasp. I am sorry but is is a forum for such discussion, and sometimes folk will point out negative things about stocks you have chosen to love. Suck it up or refute it.
High costs weren’t the surprise in the QR, they weren’t too different to the March Q, and the FS always indicated a relatively high cost base. The surprise (to me anyway) was the low nickel output.
EL
PAN Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
