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$1.36 lion one metals limited

Ann: Appendix 3B - 1 March 2017, page-77

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pustayo

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13/04/17

13:08

Post #: 24057798
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Originally posted by AlbyTangles ↑

Commentary in yesterdays announcement makes a little more sense of it all.

Record quarterly revenue for the company but only a "moderate increase in cash at bank". Also: "The mining contractor, PYBAR, finished their contract at the A1 Mine on 31st January and demobilised from site in early February. As a result, there were additional once off costs during the Quarter associated with refurbishing and upgrading the Company’s mining fleet, recruiting and training employees, inductions and mobilisation to site of the workforce."

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Yep I am fairly sure they didn't make very much on the 9m revenue.

Just need to forecast whether the AISC will come down so I need to research the business more.

LLO Price at posting: 73.5¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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