Read the quarterly and 50c is a greater probability. Very ordinary to say the least. No announcement to advise that they were not producing for a month or so. Surely there should have been as this materially impacted cash flow. Cash burn of $56M if you disregard the $30M tax bill is huge. They forecast $20M for development/exploration for this quarter as well. I suppose it is still trading below cash value but they cannot withstand too many more disappointments. Obviosly the share price weakness was due to select people being aware of the production problems.
AED Price at posting:
65.0¢ Sentiment: None Disclosure: Not Held
