I agree with you in principle regarding their forecasts, ASX and the corporate responsibilities that A1 should uphold, however, i fear in my honest opinion that A1 do not always play by the rules. History is our best guide to the future right? Personally, I question the integrity of A1's management. I dont know why they are so slimy, but they are. So I doubt they are being fair dinkum with investors. That's just my opinion, but i've been around this stock for over 3yrs, spoken to practically all the board and Liam well over 10-20 times. Take it or leave it :)
Anyway, we need to see far more info than just a 'profit' figure for the Dec Qtr. The big issue for mine is still the grades. We are yet to see A1 successfully mine above 2g/t. With such a small plant and revenue capacity, they really need to get this grade problem solved. Sure, during the last qtr they may have hit some higher grade ore, great! but what about this Mar qtr? consistancy is needed.
Well, that's how it looks from where i sit and from the info i get. For me it is just a bit to difficult to see value here compared to other well oiled machines out there. Each to their own of course!
best of luck Split
AAM Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
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