Director buying all you need to know, page-14

@jantimot … I have to agree that the Sep2018 quarterly report details the situation.  As I see it:

*  the first 25 days of the Dec2018 qtr produced 3806oz (ie 152.2 oz/day)

*  extrapolating would give around 14000 oz for the Dec2018 qtr (92 days)

*  the company has a revised estimate of 19000-22000oz for the Dec2018 qtr (earlier forecast of 25000oz)

*  to achieve the lower estimate of 19000oz for the qtr, the company needs to average 226.8 oz/day for the remaining 67 days of the qtr

*  this represents a 49% daily increase over the first 25 days of the quarter 

*  is this achievable?

*  who knows!  However, I thought it was worth a punt … so bought some speculative shares last week!