I do believe JB is much more responsible with his enthusiasm...

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UndR8ed Cat

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10/01/24

12:14

Post #: 71809942
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Originally posted by australiasydney: ↑

Happy New Year all. I thought the 2017 correction was rough.

Not advice, but you have to ride this cycle out for the next 12 months.

Things are never as good or as bad as it seems.

That $200m raise, may turn out to be a masterstroke and the best move the company has made in the last 12 months.

With some hinesight, having JB in charge may be what we need to navigate the next 12 months. We need someone that is ruthless and honest, not someone who is pumpy and bluesky like BL.

See you on the other side.

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I do believe JB is much more responsible with his enthusiasm than BL was.
BL got excited and used terms like "phone ringing off the hook", "marlin" and "you aint seen nothing yet" which so far has resulted in disappointing holders.
When JB was asked at the AGM how he felt production costs were tracking in the December quarter, his assumption that we wouldnt see a dramatic reduction in production cost due to the optimal cost structure not being realised because of lower demand. I felt that was a responsible outlook.
Hopefully we do better than he is letting on.
Current DFS AISC is $987CAD/t or $1102AUD.
I think that is conservating and we should look at breaking the $1000AUD/t mark ultimately when we achieve that 67% recovery target and perhaps inprove the NAL R.O.M.

Last edited by UndR8ed Cat: 10/01/24

SYA Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
14 Upvote

3 Great analysis

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