“Annual gold production from Simberi trending towards the bottom...

“Annual gold production from Simberi trending towards the bottom end of guidance. Guidance on Simberi AISC is revised to A$3,200 to A$3,400 with the anticipated further improvement in Q4 not being enough to bring the annual result back within the original guidance range of A$2,750 to A$3,050. Sustaining Capital range has been lowered to A$13 to A$15 million owing to timing changes.

so if you expect a better production number this qtr than last

but asic to be 3200-3400 for the year
Average gold
Price realized for year

main operation of the business is making next to nothing

sure they will unveil expansion- they have always been unveiling something for simberi and expansion will cost capital- the operations are not generating the capital / (excess cash flow from operations) to fund a future expansion

so it ( expansion and development) will come mainly out of the cash holdings,

no doubt any expansion will affect current production but for marketed long term
Gains!!

and then will Come the overruns delays and a lower bank balance- its sbm