Today, SLR was down 20% after a very negative response to their quarterly - as happened recently to NST.
Falling short of market expectations is going to be punished in a growing market disenchantment with gold despite the POG remaining elevated ...
I expect Col will castigate SLR and NST BoD and management ??
The company that seems to be defying gravity and whose projections are "optimistic" is GMD ... IMHO.
Will Diggers and Dealers (7-9 August) sentiment reflect this change in market gold sentiment ... will the Diggers deal .... creative destruction dead ahead?
CMM FY'24 guidance is for 115-125K oz @ AISC A$1250-1350 with a head grade of 0.9g .... for a MC of A$1673m ... compared to RED's A$625m.
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