Needs to get it's head back above 23c.Chart's a concern for holders now imo. Just bears close watching. Has lost a lot of reversal strength with the gap down after today's pathetic Qtrly. That grade, 0.79g/t mined for processing! Still mentioning labour shortages. Only ok if we choose to believe management's future projections.
higher AISC is attributable to the lower production
They were honest enough in their assessment of the quarter being out of the money , so I am going to give them the benefit of the doubt on the next three quarters being significantly better.Needs to get it's head back above 23c.
@mullokintyre AISC is interesting.
It's interesting that lower production can be the reason for higher AISC. You'd think it'd be the other way around.
I'm reading this trying to get my head around it...
They were honest enough in their assessment of the quarter being out of the money , so I am going to give them the benefit of the doubt on the next three quarters being significantly better.
Watching, waiting.
Mick
a giant cash gobbling piece of Junk.
Yeah well, I will elaborate.Some good fundamental analysis there Mick.
Yeah well, I will elaborate.
In May this year they screwed existing shareholders (again) with a 40 mill capital raising. for the instos at 28cps when the previous day the SPP was at 30.5, and they had 19 mill in cash and gold.
Existing shareholders were offered up to 5mill in the sucker spp.
By the time the June quarterly had come out, they had 40mill in cash and gold, and they still had 16 mill still to in via the second tranch from instos and the sucker SPP, so some 56 mill. And they had 16 mill of debt.
By the time the September quarterly comes out, the 11k of gold production lost money at an AISC over 2360 an ounce.
Cash and gold on hand down to 33 mill, still 16mill in debt.
The high AISC will continue for this quarter and probably most of the first quarter calendar 2022.
Now comes another gift to the instos at 17 CPS, another 17% discount to previous closing price.
Like I said, a giant cash gobbling piece of junk.
Mick
They are still insisting that there will be 100 to 105k production for the Fin year at an AISC between 1550 - 1700.I prefer the abbreviated FA. Seems spot on.
I looked at their annual to see why they were asking for money when they're producing, about to ramp up, have cash, half of that debt, ASIC scheduled to come down.... why would they need to raise $ now? I anticipate there's a lot of 'working capital' in that CR.
Every time I see that term porphyry, I think of porphyry pearl, that fine sparkling wine from the 70's.@mullokintyre and @finicky I'm not sure why they didn't put the entire intersection in the heading than focussing on those little hits. For eg, 215m @ 0.9g/t is OK for a mass volume/low grade porphyry type deposit. But, this isn't a porphyry.
Looks like the market was not impressed either.Every time I see that term porphyry, I think of porphyry pearl, that fine sparkling wine from the 70's.
Some of the less elegant males that I knew referred to it as that "intimate french wine, Le Gopener ".
Released some more "oustanding" intersections below the open pit.
Better grades than the last announcement, but still deep and costly to get.
yet to fill me with excitement.
Mick
Every time I see that term porphyry, I think of porphyry pearl, that fine sparkling wine from the 70's.
Some of the less elegant males that I knew referred to it as that "intimate french wine, Le Gopener ".
Released some more "oustanding" intersections below the open pit.
Better grades than the last announcement, but still deep and costly to get.
yet to fill me with excitement.
Mick
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