focus delivers a$4.9m 1st half year net profit, page-7

The traders are taking their pips...

Funny how the accounts came out (marked not price sens) and the SP didn't move but then after pre-open and the Ann (marked as price sens) - which simply highlighted the accs - the price jumped. Just shows how people are led.

But circa $5M was better than I expected.

But I'm not sure I'm in love with point 11 (committments) in the notes to the accounts:

"During September 2009 the Company engaged a contractor to construct an exploration decline on the Mount Deposit.
Under the terms of the Contract payment for decline construction and future mining services were an advance
payment of $200,000 plus half of the gold recovered from the Mount deposit to a limit of 5,000 ozs gold. At 31
December 2009 the advance payment of $200,000 and a total of 297.1 ozs gold had been paid to the contractor for
services provided."

Cheers,

C12