You asked a question, I answered it. They had a raft of operational issues during that time that meant they struggled to turn a profit, but the majority of issues related to poor planning and execution at a significantly lower gold price than now. The hidden bit was the liabilities on the books at the point of Shandong investment. This required around $60m of the injected funds to clear out from memory. It was a lesson in poor management. Well, well aware of the history here.
Whilst costs have increased considerably as well, with a clear development runway they should be sustainably cashflow positive after 9-12 months of production. The PFS clearly outlined their projections, of course noting the crusher issues observed of late - but conversely the vastly different gold price compared to the modelling.
You asked a question, I answered it. They had a raft of...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $655 | 4.768K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2332 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 63338 | 5 |
View Market Depth
| Last trade - 15.30pm 27/09/2024 (20 minute delay) ? |
| FML (ASX) Chart |