The $25 Us million we hold in our gold metal account, is looking the goods at a US$2000 gold price. Interesting that the decision to hold gold instead of US cash was criticised by investors on this hotcopper thread when gold price was heading lower late last year. With a revised guidance announcement coming soon (my assumption for the trading halt) - with a decrease production and higher AISC then was previously expected. I hope the announcement has some answers for investors, to why guidance has been missed and solutions to how this mine can be run safely and more economically. I think I will try buy more on this bad announcement (if it is indeed all bad), as this is arguably still the cheapest gold producer on the ASX! I think gold may finally have its run in 2023, as I have been expecting, as all the banks start to collapse and people move funds into gold and then flow into gold producers. Just my ramblings… Cheers ST
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