Thanks, I did find the announcement eventually from 22/09/19. Was quite interesting reading back over whilst knowing what we know now.
Couple extracts that tickled me:
"First shipment of ore from the Riley Mine is currently planned for the fourth quarter of 2019"
"No hedging arrangements are in place, however the company is in talks with major financial institutions regarding a proposed hedging strategy. The PFS assumes no hedging in the financial model."
Aged well.
I've pasted the OPEX table below for future reference-
Above based on AUDUSD rate of $0.68 (I'm assuming they had the below the wrong way round?
I don't know exact shipping rates now but the BDI is around 50% more than it was when this report was completed.
Like you say, there is inflation to apply to the other figures but a rough stab without going into too much detail looks around $120-$130 breakeven. So yea, 58%fe ($80/t current) has a long way to go before feasible again unfortunately.
- Forums
- ASX - By Stock
- Ann: Trading Halt
Thanks, I did find the announcement eventually from 22/09/19....
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VMS (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.33M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.0¢ | $36.82K | 1.829M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 3869162 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 337764 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 3869162 | 0.019 |
14 | 2471055 | 0.018 |
4 | 1079500 | 0.017 |
4 | 1312500 | 0.016 |
6 | 2987945 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 337764 | 4 |
0.021 | 1770273 | 10 |
0.022 | 2101988 | 10 |
0.023 | 1724379 | 4 |
0.024 | 280000 | 1 |
Last trade - 15.06pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
2.0¢ |
  |
Change
0.000 ( 2.50 %) |
|||
Open | High | Low | Volume | ||
2.0¢ | 2.1¢ | 1.9¢ | 1261222 | ||
Last updated 15.40pm 03/05/2024 ? |
Featured News
VMS (ASX) Chart |