What I really want to know…
How did the Victor and the Board get to the the numbers in the original FY23 guidance (which was announced to the market in May 2022) yet today (being about 6 months later) C1 cost guidance has been revised up between about 28% and 34% and AIC between about 34% and 40%?
1. Was diesel not worth more in May 2022?
2. Has inflation and the reasons Panoramic provided in today’s announcement really moved up costs this much?
3. Has Victor and the board properly considered the original FY23 number? Because the large variance is genuinely concerning to me given the short period of time that has lapsed between both guidance announcements.
4. Did management not have some foresight for the next 12 months?
What I really want to know…How did the Victor and the Board get...
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