Funny how the accounts came out (marked not price sens) and the SP didn't move but then after pre-open and the Ann (marked as price sens) - which simply highlighted the accs - the price jumped. Just shows how people are led.
But circa $5M was better than I expected.
But I'm not sure I'm in love with point 11 (committments) in the notes to the accounts:
"During September 2009 the Company engaged a contractor to construct an exploration decline on the Mount Deposit. Under the terms of the Contract payment for decline construction and future mining services were an advance payment of $200,000 plus half of the gold recovered from the Mount deposit to a limit of 5,000 ozs gold. At 31 December 2009 the advance payment of $200,000 and a total of 297.1 ozs gold had been paid to the contractor for services provided."
Cheers,
C12
FML Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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