certainly looks like more like distribution than accumulation.
and @worzel1 I'm not that great with accounting so can't really help with where/how/why $27m in costs is sitting in stockpiled ore.
@binwood POG is up in US dollar terms, but fx changes has kept the AUD POG a little more static, plus BRL had continued to appreciate against the USD until recently. So the US POG going higher has been offset to a large degree.
certainly looks like more like distribution than accumulation....
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