RE: Itβs like the night before Christmas17 Jan 2024 12:32
As I see it:
Last financial year 440,974 - AISC 1,399 - Av Gold Price 1,794
Q4 last financial year was 109,564
This Year so far:
Q1+Q2+Q3 = 321,921, therefore 128,079 needed to meet the minimum for the year:
Q1 AISC was 1,348
Q2 AISC was 1,228
Q3 AISC was 1,226
If the min annual guidance gets hit- the Q3 to Q4 increase will be very large and also Q4 last year to this year; the annual amount mined will be an increase also although slight.
If the AISC is similar to the first 3 quarters this year it will be in target and a fair slug lower on Year On Year, and within target.
Therefore, if the OZ target is met I would have thought the market would react accordingly, especially considering the annual gold price will higher.
It's, as always, how you feel if you trade:
1) are you happier to miss out on a possible jump and try to get in on a rise, but remove the risk of a drop if results are poor?
2) are you OK with a possible loss but don't want to miss out on possible jump?
On the 19th Oct (OK so only about 3 weeks into Q4, Horgan stated in the RNS that the annual guidance will be met despite the bumper Q4 needed, albeit lower end, and the AISC will be in the lower end).
Only you can make this choice...
GLA.