It depends how well management kept costs down in the quarterly period prior to copper prices recovering. We probably only had a good 2 weeks at the end of March, where Copper prices really started to reverse. The great month of April Cu pricees will obviously not get factored into the current quarterly and we will have to await the July update. If Copper prices hang around these levels or higher for the next couple of months as many experts expect throughout 2024, then the June quarter should be very, very positive IMO.
The current quarter likely won't show any crazy bullish signs, but all we are after are some signals that costs are under control and the business is in a reversal and trending in the right direction to pay off that crazy loan Andre agreed to. Therefore, this quarter comes down to the tough calls on costs and also the performance of Cracow in these record gold price conditions we saw all March quarter.
I cannot see a huge sell off or any big negative news to follow the quarterly Imo, but stranger things have happened to this stock in the past few years and the market is still hesitant. Probably the main reason we are still below 50c!
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