Franklin Tok
goldfish2k
OP
:
Market just see it produced 110kg of gold this Q compared to 150kg last Q. The discrepancy may due to no of working day, weather and stage of processing. Moreover, the management is holding some of produced gold rather than selling them all as they should expect higher gold price later. Therefore, short term figure is look not good!
Franklin Tok
:
It has abt MYR 25 millions of inventory which likely is gold or silver can be sold. If it is sold (cost already incur), the QR will be fantastic! As foreseen gold/silver is in uptrend, it is right move to defer the selling in order sell at higher price later!!
Daniel MY : You don't think it's bad; the market thinks it's bad
goldfish2k OP Daniel MY : Yes, otherwise it wouldn't be this kind of reaction
104133421 : Now it feels like most of June is pulling back... I can only hold on
Franklin Tok goldfish2k OP : Market just see it produced 110kg of gold this Q compared to 150kg last Q. The discrepancy may due to no of working day, weather and stage of processing. Moreover, the management is holding some of produced gold rather than selling them all as they should expect higher gold price later. Therefore, short term figure is look not good!
Franklin Tok : It has abt MYR 25 millions of inventory which likely is gold or silver can be sold. If it is sold (cost already incur), the QR will be fantastic! As foreseen gold/silver is in uptrend, it is right move to defer the selling in order sell at higher price later!!