Well that provides a possible explanation for the dump on Friday: the company got a please explain from the ASX on Thursday. Pretty bad if an insider is trading on an ASX query.
By my calcs $7.5m operating revenue for the quarter does not even come close to the 8000 oz previously projected for the quarter.
Poor beggars must still be having problems with their grades (?).
If they had nailed it this quarter they may have been able to catch up with their trade payables overhang but that's not going to happen going on these figures. Maybe next quarter ...
Wounded but still struggling on it seems. Gutsy effort.
Ann: Response to ASX Query , page-2
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