December quarter cash-flow of $13M, page-29

First 29 Last

Share
Profile

Follow
flyboy77

7,186 Posts.

101

03/11/16

16:07

Post #: 20348321
Share

Originally posted by precis ↑

Yes but it still remains difficult to decipher the quarterly. Yes we apparently have 2,400 ounces Au but just how this is accounted for remains a mystery to me. Surely if sold it amounts to revenue and should be shown as such in the accounts. If held by the company and not sold, why wouldn't it appear somewhere as "cash equivalents".
I too am somewhat uneasy about the expenditure of 9 million estimated for the next quarter. Annualized expenditure of $36 mil seems extreme though I doubt the level of exploration expenditure would be maintained at quarterly levels for the entire year. I do understand the need to increase known reserves and the drilling so close to the currently mined sector means any new finds will be easily brought on tap. One presumes from imaging they have targeted the right spots.

All that said, the short term targets of +25,000 ounces Au p.a. All in costs less than $1000/ounce and cash surplus of + $12 million p.a. all point to a steady rise in share price over the next twelve months as milestones are reached. Actually if 25,000 ounces are milled and costs are sub $1000 at current POG of $1600/ounce this amounts to a surplus of $15 million ($600 profit x 25,000). Let's hope we have a steady stream of positive news on drill results, mining grades, throughput at the mill and grades recovered. Communication Mr Board Member please..let us know regularly if the company is on track to achieving a $25 mil surplus on mining operations. This takes so little time and effort and shows some real consideration towards investors.

Expand

Re the $9m:

1. It's an estimate!
2. Half of it ($4.5m) is production costs - to get GOLD OUT OF THE GROUND. That afer al is the aim of this game?
3. Development costs - $3m - they won't be spending it unless they know they are generating ample CF;
4. Exploration - see 3. above.

AYC Price at posting: 2.8¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

US election outcomes: Key economic and market takeaways

There are more pages in this discussion • 24 more messages in this thread...

First 29 Last

Add AYC (ASX) to my watchlist

December quarter cash-flow of $13M, page-29

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

US election outcomes: Key economic and market takeaways

Featured News