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7.25%

32.0¢ austar gold limited

No production costs, yet they are producing ! Possibly ahead of...

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03boz

2,111 Posts.

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26/03/19

10:39

Post #: 37883543
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Originally posted by zero2a$mill: ↑

Read their last 3 qtrly. anns.

You are joking ? ...…......…...…...........................

"
Publicly, know one knows how much they need to produce per quarter as they have not released such information.
"

EVERY QUARTERLY cash flow ANN. gives a forecast of qtrly expenses.

You do know how to read a qtrly?

Expected costs for this current qtr. are $2.1 mill.

This is from Dec cash low report, released 31/1/2019.

Don't know why you're deliberately playing dumb, but...……….
9. Estimated cash outflows for next quarter $A’000
9.1 Exploration and evaluation 300
9.2 Development 700
9.3 Production -
9.4 Staff costs 800
9.5 Administration and corporate costs 300
9.6 Acquisition costs -
9.7 Total estimated cash outflows * 2,100

Therefore they need to produce/sell $2.1 mill of gold, just to break even.

Be interesting to see what their expected costs for the June qtr will be.

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No production costs, yet they are producing ! Possibly ahead of schedual ? To me it looks like the company is very flexible with funding and it is being moved from other areas to production.
We really need to wait for the next quarterly to get a better understanding and hopefully move through this first production stage without a CR top up.

AUL Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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