RE: PoG6 Jun 2018 08:26
123 - You honestly don't see any upside here? I started following ASO in recent months but did look over the RNSs for the past few years. It was clear the previous management were not delivering. You have to give credit to current management for getting New Gold Mine up and running and producing at sustainable costs, that will further reduce next year after waste stripping. Their goal of 500koz is achievable given their delivery to date. The recent acquisition was very good value. The new mines will pay for themselves in under 3 years and then generate substantial FCF for the company. Life of mines will be increased this year, potentially further acquisitions announced, dept significantly reduced. So I see upside. The management do own a large stake here, I'm keen to see how that plays out, liquidity is not great here but then with fundamentals improving this should move up faster with less volume? How low did this share get to? Considering the progress in the last year we're not that far off from all time lows are we? Ignoring the recent placement there won't be many people here sub 200? Correct me if I'm wrong here anyone? If 2018 cost and production is met then I'm sure this share will be on many more people's radar.