So I’m normally a glass half full investor as there’s no point worrying about the unknown (IMO). I am, however, concerned that the fy target of 100k+ output is now off the table.
Before anyone jumps down my throat to point out the obvious (we missed q2 considerably so why would we be able to turn that around), the reality is it’s only ~4% of expected full year production (4K less than lower end of q2 guidance). 4% in addition to make up for in a half year. Excluding extreme wet season, 4% should be attainable if all other factors are still in play.
That’s the concern, clearly they’re not. The trajectory has swung considerably and that in itself is what is actually making me step back and think what will 2023 now look like (as we were meant to be cash positive q1).
At a 60m burn, I’d be expecting that those rigs were drilling, and no doubt they have been, why wait for a full six months of samples to provide the resource update?
Highly unusual activity to say the least!
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