GREY:VITFF - Post by User
Comment by
Greatdaysaheadon Sep 26, 2022 2:38pm
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Post# 34987220
RE:ARTG - 50% higher MC, SBB 20% and SKE about equal
RE:ARTG - 50% higher MC, SBB 20% and SKE about equalQ3 production is key. Anything South of 50-55K would be disappointing as:
1) 55k were produced in 3Q 2021
2) 50-55k is the minimum
to be able to meet the low range of the already conservative forecast
3) with POG down, energy prices up (even if better now) and general inflation hurting everyone, a nice production is needed to maintain AISC in the expected range and generate some
welcome free cash flow
4) pps: tough to know what has been priced yet... we need a general
market capitulation to seize the buying opportunity with a better timing..
5) risk/reward: maybe yes.. wait for the 3Q numbers... maybe better loosing a few percent on the upside than taking a position before with the risk of an usual deception...