Wondering what you all think of the financial fundamentals?
In the March quarterly the company lost $5.3m year to date (9 months).
That was despite earning $25.6m
Production costs were $13.5m
That production cost seems very high
Almost $3m in interest and cost of finance
Why haven't they done a CR with instos and retail shareholders so they don't have high ongoing costs?
For a company in production with their own mill they do not say what the reserve estimates are
On the Pods they seem to avoid life of mine data questions
Serious interest in buying in.
Any answers would be appreciated.
Thanks
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