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34.5¢ red 5 limited

Ann: Red 5 delivers 102,572 ounces for half year to 30 June 2023, page-60

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psyber

404 Posts.

21

07/07/23

09:01

Post #: 68666342
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Originally posted by JoeKing2: ↑

psyber - For what it's worth, I reckon your models might be pretty much on the mark.

The fine-tuning of everyone's models will occur when we get details of what RED's AISC and total corporate cost structure looks like and then the fun will begin.

If it's not your own "IP", I'd be interested to know (as I guess a lot of other posters here would be interested to know) what sort of costs you're assuming in your models for the 23/24 financial year. No offense though if you'd like to keep them to yourself for your own trading purposes. I did notice in the Petra Report Note posted earlier by MIStragic that they're now factoring in an AISC of $1,900 per ounze.

Any "adjustment" of AUD $50 per ounze we have to make in regard to our existing AISC forecasts/assumptions would appear to have about a $10m p.a. pre-tax impact on cashflow.

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Jk,

Models are mine. I used a bottom up approach. From memory, 2HFY23 I have at c. 1900. FY24 1550-1750. Expect lower end of they continue to produce June like results.

RED Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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