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2.8¢ savannah goldfields limited

I agree with everything you say, except that I did stretch it a...

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Suzygs1000

1,059 Posts.

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03/02/24

14:45

Post #: 72220408
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Originally posted by Mercury9: ↑

AUD$1.86m loss for last qtr, and now $5k left in the bank ... with poor weather continuing in Feb-March as still in wet season. AISC of $4+ k again, so operating at a loss, with poor feed volume.
Depend on the entitlement offer to continue operations, as now 3 qtrs of back to back losses.
At capacity AISC $2k ,and 5000oz a qtr, gold price $3.5 ... earnings of $7.5m qtr possible.
Good to see exploration and plant feed planning close to Georgetown plant (Big Reef @3g/t) with 3rd party local feed.
Ill still participate in EO but not robbing the piggy bank here. Low stress, low investment.
Merc Out

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I agree with everything you say, except that I did stretch it a bit to take up mine .. The decision to mine Big Reef straight away is a good one ... if they can get into that before the end of the wet, and the mill doesn't play up again, it may be a good quarter ...

SVG Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.8¢		Change 0.000(0.00%)		Mkt cap ! $7.87M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	119267	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	60703	2

View Market Depth

No.	Vol.	Price($)
3	119267	0.028
2	53750	0.027
1	16435	0.026
2	39801	0.025
1	25000	0.024

Price($)	Vol.	No.
0.031	60703	2
0.032	167962	1
0.035	68888	1
0.038	40000	1
0.039	17069	1

Last trade - 10.09am 04/06/2024 (20 minute delay)

SVG (ASX) Chart

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