There have been valid points raised above by people about information, and I dont think there is a correct answer. If the SP was higher it would not be an issue perhaps? I tend to believe they are dammed if they do, dammed if they dont here. This acquisition seperates the Company clearly from its past which was erratic and had constant struggle in relation to consistent production. Here I think it is now just a more measured approach, in which priduction companies release information in a more regualr way, in a regular format.
I genuinely believe its gone past the 'all good news hits the market ASAP' and 'silence is bad' junior phase. I hope I am right as I bet on it in the sell off prior to end of FY when i though it was too cheap. I am betting on production just maintaining. Not getting materially better, nor worse than forecast. Lets see if they act like a genuine production company now.
IMO Could there have been more info - probably, Did there need to be more info - no.
Production and the Quarterly cashflow will be out in days-weeks and that says everything.
I have nailed my colours to the mast here, so fully expect to be flogged if I'm wrong.
Best of luck.
Regards DC
KAU Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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