GDO Announcement 31st August '10 - Interim financial report and operational update.
P5 - 'The company is well into the annual planning and budgeting cycle for 2011, which will incorporate knowledge and experience gained with actual ramp-up in 2010. Production guidance for 2011 will be provided after the completion of this process in December 2010'.
Looks like we will have to wait till December '10 for 2011 production guidance. That's all good by me so long as they get it close to accurate. In the meantime we will have to all make our individual assumptions using 2010 production figures as guidance.
It will be good if the company provides 2011 guidance that is not overstated and is attainable. Any surplus production can then be viewed as a bonus or positive and targets will have been met. ... Rather than over-stating production guidance and falling short.
GDO Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
