Any idea when will the half yearly report come out?
It will be interesting to closely examine the expenditure numbers in the financial report.
I am impressed by AJM’s production cash cost. It can probably survive if the cost remains in US$300-400/ton range. Plus the interest of about US$80/ton that still leaves a thin margin to be made.
But I am skeptical about the numbers. Total cash outflow was still high and far exceeded projection. Sounded like there were some accounting tricks to exclude certain costs in calculating the cash cost.
This price is tempting for entry but I ll wait and see first.
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