AYC 0.00% 2.3¢ a1 consolidated gold limited

December quarter cash-flow of $13M, page-3

  1. 786 Posts.
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    They need a few good quarters where they bank some money. It does have some risk in that they cannot afford any events that could be put down as bad luck as they are eating through their cash reserve. Hopefully as by your calcs above they should be there this quarter. Gold price is up a little which is good. Their development costs should not stay this high once production is up and going fully. The mill can take much more tonnage. All things considered I will look to accumulate more if the sp weakens. It is a good punt but it is a punt. Would be less risky if we got monthly production figures from management. They do not spend much time communicating with us. GLTAH
 
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