oppies excerised at 20cents, page-19

re: daylight on sell side Sorry Turbo,

I know the announcement came down after market close, my point was that at the time the issue was made at 17c last year the forecast for production was 160,000 tonnes. They made 163,000 tonnes. This is enough to give long term investors comfort, but might bore short term subscribers silly. The 42% improvement headline obviously excites, that's why somebody got on for $75K or thereabouts this morning. My point to Cosmos was, nothing wrong with waiting for the stock to get to 21c before piling in if it is really going up (this isn't missing out, just risk management). If it is going down, better to get it cheaper later on. For those who stayed in, the good news is, on the strength of the fabulous increase in production (on the back of capital expenditure last quarter), your capital is back where it was a week ago.