Ann: Annual Financial Report , page-15

This is to everyone an no-one in particular.

Stop you're moaning and read the report and think about it.

In 2011 Focus did a huge amount of investment in mill upgrades and opening 2 new mines. They also spent $17.6m on exploration more than 2010.

Mgmt could have made 30-40m profit quite easily if they'd wanted to massage the company that way. I see this as a company trying to grow to a 200k+ oz producer that makes 100m a year, not a company that makes 30-40m a year from 75k oz.

If you're not in this company for its growth plans then sell and find something you consider a more stable cash cow.

As for the share price fall gold has been smacked and Focus was inflated by ASX300 entry when it got to 7.5/7.6c

This will be above 10c in a years time as long as as A$ gold holds above 1500 or so. I'm long at 7.1c and think they company is well on track. Wait for the quarterly!