CpDLC,
"• L8 shaft (formerly the Saga shaft) production reduced during June quarter as a result of
narrower veins than expected near the shaf"
The above from the operational report is what worries me. Is this code speak for lower grade and/or lower tonnage for the mill therefore lower production?
I noticed that MML SP was collapsing as soon as it opened on Monday and the company strategically placed the operational update at the close of business that day. I could also read that the gold price had quite a fall on last friday but was already moving back up on monday. I don't want to read consipracy but after Newcrest analyst fiasco anything is possible.
I hope they are not slipping up on production because of grade and/or geology because anymore bad updates and this this stock may fall to next support of 89C.
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- co-o operations update - very good long term
co-o operations update - very good long term, page-20
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