GCY 1.82% 54.0¢ gascoyne resources limited

Ann: September 2018 Quarterly Activities and Cash Flow Report, page-6

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 35 Posts.
    lightbulb Created with Sketch. 4
    ASIC isnt released until the mine is fully ramped up. This is just convention.

    From the quarterly:
    Gold recovered 12.9koz
    Production + staff + admin costs of $11.4mil
    This gives us $883 ASIC right now.

    For next quarter production of 22koz this is $19.4 mil, this is barely half of the projected $42 cash outflows. I raised the 28 mil expenditure this quarter on mine properties but what could that possibly be? Its not operating costs; its not property, plant or equipment; its not exploration costs either, what on earth is it? It appears to be forecast into next quarters cash outflows as well...

    GCY would be in the money if it weren't for this mysterious cost.
    Last edited by xdfeng: 29/10/18
 
watchlist Created with Sketch. Add GCY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.