TGS tiger resources limited

Copper hits 2 week high, page-48

  1. 143 Posts.
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    I don't really expect Tiger to do too much in the short term. They are in need of a culture change over in TGS. I'm tired of them repeating AISC at low levels (mind you, with an asterix at the bottom saying finance costs are included) but when the statements are released, they report a $17M loss. If their AISC is $1.50/lb and they're selling at $2.00/lb and losing $17M, then either my math is really bad or theirs is. They need to re-evaluate the meaning of AISC and make that clear to the market. Does it include capital repayments? Why not? What does 'all in sustained cost' mean to them? It has a completely different meaning to me. According to Investopedia - 'By comparing all in costs, investors and borrowers can more easily compare net gain potential'. Have I been misled, where is the 'net gain' on an AISC lower than the price of Copper?

    Getting used to my HotCopper name - Loser
 
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