Paul
I don't agree with some of your comments above.
Gold producers with low AISC are being treated well by the market recently- just look at recent performance of NST, BDR, RSG, SLR to name a few. Market will reward those operations with low costs.
If they can meet December forecasts stock price will improve as they are generating $5m in FCF. If they exceed it they will generate over $5m in FCF for that quarters. And guess what - if they also achieve that for March quarter we are talking about nearly $10m in FCF. And requirements to meet working cap / loan repayment for MacBank then "should" reduce those capital raising pressures.
Sure they need to generate a couple of consistent quarters to really drive the share price and leading to higher re-rating but given how much FCF talking about for December forecast this would be their record quarter of production and FCF by country mile so very significant.
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Paul I don't agree with some of your comments above. Gold...
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