It might not work like that in terms of the actual sale of the gold, but the net effect is that they would be buying the gold for the cost of production; as the margin between the sale price and production cost would be returned to them as profit if they outright owned the company. In this case, if they paid all profits back as dividends they would be paying the cost of production plus 50% of the margin - so 1525 when the gold price is 1850 and aisc is 1200.
Ann: Response to ASX Aware Query, page-8
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Last
15.0¢ |
Change
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Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 148847 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 30000 | 1 |
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