Although I agree with most of what you're saying, I don't think we will be losing anywhere near $500 a ton in the December quarter.
They're basically saying that the AIC will remain high primarily due to the continued rapid expansion of GN, NN and the TFS lift.
By March quarter they will be a different company.
They really only need access to a short-term financing facility such as a 20 million convertible note. GCY are in a far stronger position now than what they were in back when they received their last financial assistance package from their largest shareholder.
Cap Raising should be an absolute last resort.
For anyone interested, this is the sort of cash generation Dalgaranga is capable of with a head grade of only 1.2gt. SL will be targeting 1.2 to 1.5gt
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- Ann: September 2022 Quarterly Activities and Appendix 5B
Ann: September 2022 Quarterly Activities and Appendix 5B, page-24
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Last
$1.24 |
Change
-0.125(9.16%) |
Mkt cap ! $1.372B |
Open | High | Low | Value | Volume |
$1.38 | $1.38 | $1.24 | $9.907M | 7.703M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 42348 | $1.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.25 | 109996 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 34848 | 1.235 |
10 | 223110 | 1.230 |
5 | 40392 | 1.225 |
10 | 50510 | 1.220 |
1 | 1000 | 1.210 |
Price($) | Vol. | No. |
---|---|---|
1.250 | 109996 | 2 |
1.255 | 20000 | 2 |
1.260 | 70397 | 2 |
1.265 | 27061 | 3 |
1.270 | 25298 | 2 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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