I've just had a read of the DCN presentation, I'm wondering are we the next to fold?
Key figures in DCN report..
Cost increases since FY2021 include: • 68% increase in contractor load and haul rates (excluding fuel) with a further 17% increase quoted for FY2023 • 42% increase in diesel price • 40% increase in gas price with a further 9% increase from December
We have yet to make a profit and there seems to cost increases everywhere and the gold price isn't getting better.
I've had a look on seek and it seems that there is a recent round of advertising for roles from OBM, is that a sign that people are jumping ship?
It seems that there is more chance of bad news rather than good in the short term to medium term.
Has anyone heard what was the result of the litigation around the Lady Ida leases, it was mentioned in the cap raise presentation as a risk I think there is 200,000 ozs on the books are being in those leases.
To hold, sell or buy to average down, that's the crystal ball question!
OBM Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
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