Some sharp falls yesterday and today... preceding the Q3 results report release was a bit suspicious...but nevertheless such is life... post Q3 results today has seen another drop - has anyone had a chance to read through the numbers/any disppointments or things standing out to warrant the drop?
We're obviously raking in the money but a quick glance at the P & L and cashflow and I note that we didn't bring home too much cash at the end of the 9 months for the amount of revenue , and our profit was hit down somewhat by the value of investments/derivatives?
Of course the cashflow and p & l includes a sizeable portion that went back into exploration, although the break down of profits ploughed back into capex seemed to include quite abit of nzema etc work - I'm not too familiar I must admit with the company but what exactly are they spending on on Nzema given it's up and running already?
near mine exploration, fair enough - but am Unsure what the rest of the capex are given these are producing mines already - hasn't the majority of major development capex etc been spent to bring it into production already?
Am unsure what the investment writeoffs were since i'm at work but quick glance seems to be purchasing out hedge book etc.. not too sure with the situation there, anyone remember what the hedging was at and any comments/opinion re: this and the Q3 report in general?
EVR Price at posting:
$2.20 Sentiment: None Disclosure: Held
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