Can this company ever get it's act together and demonstrate to the longstanding suffering shareholders the progression to becoming a successful gold producer?
Improvements over the past quarter have resulted in an almost "break even" position at end June. The quarterly identified other initiatives being undertaken to continue that improvement. The declaration of production of 6670 ounces for July solely from underground is a step in the right direction. I expect Alan King will do a better job than MA at delivering efficiencies and managing the Wiluna operation. This is his expertise.
With ore now sourced from several ore bodies the risk of reduced production by access disaster is significantly diminished.
The company's aim of annualised gold production of 120,000 ounces is slowly being realised with 80,000 ounces (annualised from July's declared production figure)achieved at present. With the gold price holding and no hedging the future looks promising.
Maybe AXM will make it. DYOR
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