RE:RE:Record gold productionQ4 61.8koz x ($1215 sales_price - $999 AISC) = $13.3M operation profit -> re-invested in Esaase + $7M. That was rather strong. Weird SP movement. Bought a little yesterday and a bit more just now.
$7.5M less JV cash, so that was also being used for Esaase besides the
$13.3M mining profits @ AISC $999/oz ex-Esaase.
Then the Esaase test mining results and resource update shall come soon.
So I agree, they just have turned the corner into operational profitability,
used to expand for Esaase - so higher results/growth from here.
253koz @ $860/oz AISC is very much in reach now.
Traded this stock pre GFI M&A 2017/2018 with all the short drama,
which is all gone now while gold is still higher compared to previous SP.
Interesting & very cheap.
Maybe investors are still irritated and the turnaround hasn't sunken in yet?
GFI moves steadily upwards, good.