An ok result considering the challenges the whole sector is facing (or was facing... COVID now in the rear view mirror).
Actual cash/bullion build was just $1.5m for the quarter....
Capex is still high and couple that with higher AISC and... RMS will have its most expensive quarter right now, though after that (March Q) I think this is likely the worst of it for FY2023. Total non-sustaining capex of $58m. Just spent $26.5 (BUT.. $7m of that was exploration, so it was actually only $19.4m), so... take a further $6.9 and I get $31.7 to be spent in the DEC quarter. So RMS is def going to have its toughest quarter ahead.
Cash/bullion will likely decrease by perhaps $10m.
Either way, the second half of FY2023 is looking better, BUT.... the obvious issue hanging around is Edna May Stage 3.... either it starts soon, or... the whole mine plan has to change.... below does not really say much at all....
Some good exploration results and MRE increases. Bartus the stand out, though... its low grade bulk U/G mining, which, RMS has still not really undertaken, so I am fairly on the fence about it.
Good luck to all holders.
Ann: September 2022 Quarterly Rpt, Bartus Group & drill results, page-5
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$2.10 |
Change
-0.040(1.87%) |
Mkt cap ! $2.411B | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.15 | $2.09 | $2.953M | 1.399M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 62822 | $2.09 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.11 | 68446 | 2 |
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