Quarterly out today. Not a great result and I'm regretting not getting out of my final position earlier. It still feels too cheap to sell!

AISC for Simberi is awful, but they did highlight that there is sufficient oxide feed at Simberi to last until FY26, which seems quite positive to me.

I have very little faith in the Atlantic project.

Currently looking for an exit point.

An update today that has caused the share price to drop 18% - https://hotcopper.com.au/threads/ann-simberi-operations-under-strategic-review.6804796/

Essentially, they have deferred the Final Investment Decision on Simberi. They have also disclosed that there has been some interest in Simberi. There were also some other notes about their other projects that looked mildly negative.

I think I'm missing the significance of this. Obviously not a great update, but the cost inflation has been well known for a while.