we have a new term now,,all in sustaining costs per unit sold,,mmm,,,,that wasn't stated in all those pre releases
Even after the headline grabbing increases in production and costs cutting,,,still cashflow negative
NEt profit down 88PC!
Underlying profit after all the costs cutting down 36PC
ALL IN SUSTAINING COSTS 1199! which is HIGHER than last period at 1151
but on its new term per unit lower, done by selling current inventory, AISC 1199,,,but who cares about that term,,what is it costing per period to produce gold that is being sold or put into inventory,,,,1199
Net debt increases 375M
Gear stays low as they purchased property plant and equipment , increased goodwill basically and use intangibles in calculation
FREE CASHFLOW DOWN 75PC cashflow from operations down 200M 47PC underlying profit DOWN 36PC
costs of sales AISC increases 1151 to 1199 over last period
Resources reduced
EPS 5.2 CPS DOWN FROM 42.2! way worse than I calculated,,,,
go knows what PE this thing is trading at
No div of course, cashflow negative, huge debt,
40M when they paid 88M in net finance costs and debt increased,,,,,seems way overvalued,,,,
That said,,,ETF's are on a tear pulling all things within their framework up ATM,,,Barrick also had a total disaster continued its climb another 6.9PC I think
those costs were misleading imo,,,they didn't say per ounce,,it said aisc,,,,which are higher despite all the costs cutting,,and there was ALOT
seems incredibly overvalued for the cash and profit it is generating VS its rising NET debt........
NCM Price at posting:
$11.14 Sentiment: Sell Disclosure: Held