Auto,
I was being gentle to be honest, however left it open for others to adjust and add value to the discussion.
My earlier point was the amount of blind trust holders had in mgt.
For many, they now have their eyes open and my point is made.
I haven't done the told you so etc, because it doesn't need to be done. I put up with babble about missing out on 100% profits, yet you were wrong by 99%!
I could go on and on but i won't, get over it, I have.
Where does that leave us?
At some stage someone needs to work out how much cash these guys are going to generate.
Why not adjust and amend with figures instead of grizzling?
The only part I'll point out is that you have the ZAR strength the wrong way around.
I'll explain.
The budgeted rate was 8.41 ZAR.
A stronger ZAR hurts production costs. Increases Costs!
1 Year Ago - ~7.6 Zar
Today - ~7 Zar
The stronger zar is hurting costs and not lowering them.
How you get to save $100 o/z with a stronger rand doesn't make sense and void of detail.
Use your powers of good research and adjust the figures in order to make it more accurate.
P.S. I don't add vent etc because my focus is on near term earnings, not 5 year plans and there is a distinct lack of clarity / certainty around the projects.
Go for it.
Mav
- Forums
- ASX - By Stock
- still undervalues at a pe ratio of 4
Auto,I was being gentle to be honest, however left it open for...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)