Read through the latest MD&A last night and the sustaining capex guidance for FY25 actually came in lower t…by @thuli_dd on $HAR

Read through the latest MD&A last night and the sustaining capex guidance for FY25 actually came in lower than I was expecting, which matters when you're looking at cash generation. Gold price moving the way it is helps, but what's caught my attention is they've managed to keep production volumes stable while cutting costs, and that's not trivial in a declining ore grade environment. At 267.83 the valuation feels reasonable if you believe rand weakness sticks around, but I'd want to see the next quarterly numbers confirm those cost trends are holding before adding more.