why the drop, page-4

Mowerman
I have holding these since 2004 at $1.00 - have watched them get better each quarter - except last quarter which was a shocker! Tritton was always going be difficult , however in 12 months hedging profile drops by half & they should make some good $. They are having a fight with the counterparty ( Sempra ) which doesn't help.
Mt Moro needed major works ( cutback ) & Whim Creek had problems with iron in leach solution.
They claim these problems are one offs - given they have delivered so far I am inclined to give them the benefit of the doubt.

What has upset me is that there has been no postive press about Straits Asia - they could have sold the whole thing judging by the demand in Singapore - they have raised approx $180m AUD from the sale of 40% of Sebuku - remember they only just bought the remaining 20% last year from about US$20m from memory.

I will continue to hold .