Assuming that mining started mid May and the Randgold quarterly to the end of June, based on the numbers provided it should result in around $4-500k AUD over the 6 or so weeks.
I think previously Randgold has suggested that mining would take place over around 8 months/400k a month. So we should be expecting above $4mil AUD cash from this (I could be wrong on this), perhaps higher if they find more ore in the deposits to process than expected. Which I think is a decent chance as they would likely want to be slightly on the conservative side of projections.
This is great news for the company, but I'm absolutely peeved that we didn't get an announcement when mining commenced, especially considering the recent 5B would suggest a capital raise is very possible in the next few months (excluding this gold cashflow).
I'd rather not find out that mining commenced from our quarterly (July 31), hidden away on page 12 claiming June, with some further details in Randgold's quarterly yesterday (August 9, which suggests that it started in May, not June).
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I'd like to know when something important commences, is that too much to ask?
When will we likely see cashflow from this?
Any update/s on the processing, is there any upside to look forward to?
Is it too much to ask what is going on?
Is it too much to expect to be updated on things that are clearly of significance?
