Everything reads pretty well production wise. Only disappointing thing for me was the modest improvement in net cash (+64M USD) but management did previously flag high H2 2023 capex;
Total project/once-off capital spend of US$100-120m for 2023, with step-up of spend in 2H2023 due to the rescheduling of Poitrel Ramp-10 and ramp-up of MRA2C and the South Walker Creek expansion.
Also worth noting that considering this is for July/August/September, the benchmark was still sub $250~ USD for 2 of those 3 months, only really heating up in September. Next quarter should be a cracker with prolonged higher pricing and large amounts of capex being behind them.
Ann: September 2023 Quarterly Activities Report, page-3
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Last
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| Open | High | Low | Value | Volume |
| $3.45 | $3.53 | $3.44 | $6.403M | 1.832M |
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