If Management was smart they would announce the revised guidance with the new 5 year mine plan outlook, so investors know what to expect once the decline is completed. Bad news baked in with good news. And if management was even smarter they would start the buy back again haha. Aud to USD dropped to 67c Friday night, which only helps the cash balance in Aud. There is a reason why this is the cheapest gold producer on the ASX. This mine isn’t a Tier 1 asset. But it still makes money. We have 98 million Aud cash in the bank and 37 million aud has been spent on the decline so far. So 135 million Aud total and we have a 130 million Aud market cap @57c. Would have been Better of not doing the decline and buying back shares haha! Is this drop in production going to mean more profitable ounces? Tomorrow will tell the story. If the share price tanks you better buy the bloody shares back management. Cheers ST
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