Agree - warm and fussy time.... >cash flow positive , consistent...

Agree - warm and fussy time....
>cash flow positive , consistent & suggestive of growth
>hedging terms improving per above
>revenue - POG steady with seasonal upside to begin in July
- $Aus / $US exchange rate trend & direction favourable for Australian miners
- Output sold steady and increasing
>cost structure improving - Fuel costs considerably lower due to market forces.
(I imagine forward contracts will be put in place to take advantage of this
opportunity for longer)
- not impacted by Golden Ridge any longer (interesting to see what
impacts in balance sheet @ yearend)
-Finance costs reducing ie. interest on debt
-Industry dynamics greatly changed that facilitate better negotiated
terms on all inputs.
>New Board etc - focus more on performance , outcomes and risk mitigation than pursuing personal agendas.
>Environment - volatile due to geo political and financial uncertainties- good for gold.
-seasonal buying kicks in from July if not sooner now
>Growth - PNG production performance improving
- Exploration success incremental but feels like something is coming soon from WA.
Apart from debt overhang which is improving this is a great story unfolding. It may also be one for others who have bigger pockets and would love access to the assets(large land holding) of this company. In any case better placed in case of any shocks.
GLTA