I really am not here to argue, but.. just pointing out why I cannot trust management. They don't admit grade is lower, they still say its improving, even in this announcement, but... it has not, they even show the numbers. As for the POG, again, the hedge is working against them and will for the next 10 months (when they most need the extra cash to pay down debt). As for how they will fund $100m+ through debt only. Its just wrong for them to even say that, cmon Happy, you know they will raise more cash. Its what Bryan does.
I really do hope the SP does get to $0.50, or $1 etc. As I genuinely want holders to do well.
Again, good luck to all.
Ann: Presentation AMEC Conference Perth, page-4
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