Can anyone suggest why the company forcasted operating revenues of only $7,500,000 for the December quarter (ref: ASX response of 22 Nov 10). I would have thought that gold production of 8280oz (forecast in Sept qr rpt) would bring more like $11m (assuming POG of $1350/oz). Unless there is a big lag between production and sales? $7.5m revenue implies that they only sell about 5500 oz during the quarter. What sort of lag between production and sales would be expected?
Cheers.
AAM Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
