The company wrote off about 90 million dollars for Dargues last financial year hence there was a loss presented to the market . I am not familiar with accounting figures of a mining company however this write off will not appear this financial year As the gold price is about $2600 au at the moment and the AISC is about $1700s based on last years figures a margin of about $900 and production of about 20000oz combined resource would bring in about 180 m.illion dollars before overheads .Where is the money going .Based on the figures the company should be trading at least four times its current price unless its AISC has jumped dramatically over the last 3 months which may be the case.Surely they should have money to fund projects.Cosidering no more write offs
AMI Price at posting:
11.5¢ Sentiment: Sell Disclosure: Held
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