Am I mistaken but where it says HY Dec-17 shouldn't that read HY Dec-18?
28 February 2018
Strong Half-Year Results & Balance SheetUnderpins Growth StrategyProfit after tax of $12.2 million$80.5m in cash, bullion and listed investments
• Revenue from Gold Sales of $52.4 million (HY Dec-17: $58.7 million)
• Gross profit of $17.5 million (HY Dec-17: $18.3 million)• Gold production of 26,745 ounces (HY Dec-17: 40,764 ounces)
• All-In Sustaining Costs of A$1,005/oz (HY Dec-17: A$1,013/oz)• Gold sales of 30,497 ounces (HY Dec-17: 34,794 ounces)
• Average sale price of A$1,717/oz (HY Dec-17: A$1,688/oz)• Cash, bullion and investments of $80.5 million with no corporate debt
• Transition from surface operations to underground development at Tomingley nowunderway
• Strategic investment made in ASX listed gold developer Calidus Resources Limited –Alkane holds ~10.2%
• Financial year ended June 2019 production guidance of 35,000 to 40,000 ounces of goldat an All-In Sustaining Cost of A$1,050 to A$1,150 per ounce.
• Alkane has forward contracts in place for 28,500 ounces of Gold at an average price ofA$1,811/oz
I am not suggesting people buy these shares at the current price of 20.5 cents but given the assets and cash that are backing this company it does seem good value. I have a bid in at a lower price than 20.5 cents. I will wait patiently.
Main query, why is the announcement showing Dec-17?
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Ann: Strong Half Year Results Underpin Growth Strategy, page-2
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