re: Ann: Financial Results Presentation Full ... Record Earnings? Yes, but barely above 2010 figures, which was before expansion and before DOM. And if you look at it from an EPS persepective, way below 2010 performance and basically on 2008 levels.
In addition, a whole bunch of risks that didn't exist before - performance of Challenger, future capital needs, Chatree performance (look at past vs. today's expectations in KCN's historical financial reports).
No estimate re cash costs for 2013. I presume they do do operational planning, including cost assumptions. Nothing of this communicated, and only an "issues at Challenger are being adressed". Not enough for me, nor for most shareholders, as the SP development proves.
I am also concerned, that the uncertainty created by KCN will decouple the SP from any upward trend in the POG - at least short-term.
This will create a buying oportunity for bigger players. 1-2 years ago I would have considered this a threat - I am starting to view it as an opportunity now.
Becoming a major mid-tier gold miner (or whatever the wording was...)? My main reason for holding on to KCN has become a different one...
Ann: Financial Results Presentation Full Year Jun, page-9
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