G1A 0.00% 5.9¢ galena mining limited

Ann: Suspension from Quotation, page-19

  1. 2ic
    5,617 Posts.
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    Some work I did on costs from way back might be helpful. A table summarising breakdown of capex from DFS19 and Update22 shows a 33% increase in sustaining capital, largely driven by higher lateral development costs in the new mine plan (not that cost predictions are in any way believable).
    https://hotcopper.com.au/data/attachments/5890/5890077-1b5fca324eeaf4ad1749f3b88b77e7f0.jpg
    https://hotcopper.com.au/data/attachments/5890/5890081-1448306779ce0578ac76b5e51959b2d5.jpg
    https://hotcopper.com.au/data/attachments/5890/5890084-ad018401e295c49f56d806045998e327.jpg

    Below is a LOM financial tables for both. Note how G1A deliberately made a $100M error in the Udate22 summary by 'accidentally' releasing $283M total Capex, compared to DFS19 $291M Total Capex... when clearly total capex had risen with a big increase in pre-production capex and sustaining capex (ie a lower capex figure is impossible). Just one of a number of errors and misleading omissions that make G1A a ripe candidate for class action... unless ASIC and the courts have no interest in accurate and timely market communication to retail fodder?

    https://hotcopper.com.au/data/attachments/5890/5890091-ae0d87d12a90a10a213d79b8700cfd64.jpg
    https://hotcopper.com.au/data/attachments/5890/5890092-a2534db5875bd89455dc6bae1e523256.jpg

    BTW... G1A have C1 Cash Costs exclude Royalties, even though royalties are defined as part of operating C1 costs (fwiw). GLTAH
    https://hotcopper.com.au/data/attachments/5890/5890106-09a1ec028e4cbf092fefd69089818298.jpg
    https://hotcopper.com.au/data/attachments/5890/5890107-5339fa95556d02c77f74ff670e8cbd0f.jpg

 
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