"so we are resorting to information dating back to November 2011 to justify the recent SP move. Does this make sense?"
from memory there's been seven consecutive falls in quarterly production at Chatree so despite what was said at AGM who's to say the December quarter wouldn't be number 8? Believe it when it happens attitude by the market.
Challenger has also disappointed for a couple of years, head grades under 5 g/t... again a turnaround promised at the AGM.
Pure speculation on my part but if production has actually improved then I'd expect to see a bounce in share price shortly before the quarterly release, which has been happening.
there is movement at the ranch ..., page-6
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