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6.5¢ beadell resources limited

Gold price, page-13243

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sircorp

13,234 Posts.

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18/12/17

09:27

Post #: 29697851
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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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The market is skeptical ?
..
Trust me better to be skeptical. Share price weakness tells that more people are skeptical than having faith.
..
Yes in past BDR has achieved AISC as in the range of $790/Ounce too.
..
Long Term AISC is the key.

BDR Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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