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6.5¢ beadell resources limited

Gold price, page-13240

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Quiono

1,630 Posts.

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17/12/17

22:38

Post #: 29693645
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Originally posted by sydney ↑

Hi Sircorp,
The ASIC for the 9 months of 2017 was $1313( as per the table in the second page of September quarter release)
The company ‘s cost guidance for for the whole of 2017 is $1000 to $1100
To achieve the guidance, December ASIC will have to be $700 to $750

In September 2016 , the ASIC was $797, so it is not unusual to get to $700 per quarter.
In the first page, it is clearly stated that further reduction in ASIC per ounce are expected in Dec 2017
Quarter as high grade ores are mined as planned.

The company is on track and so far no bad news.
The market is sceptical or trying to let us believe that they are not on track in order to Short the stock while big players are accumulating.

I invest based on the official announcements from the company as any other sources are speculative.

Have a good night.

Cheers, Sydney

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4COL it is AISC. All In Sustaining Cost. ASIC is the Australian Securities and Investment Commission.

BDR Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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