Ann: CIL Gold and Iron Ore Concentrate Plants Con, page-5

re: Ann: CIL Gold and Iron Ore Concentrate Pl... I wouldn't be surprised if the share price drop was precipitated by shorting HFT algo's looking for an opportunity to skim some small profit by inducing a knee jerk reaction from others.

70% of the ASX market is now HFT algo's (Source: Charlie Aitken, Bell Potter). Real Investors beware. Always question share price moves within that context (IMO).

Running a little behind schedule should be anticipated in a country like Brazil. Sounds like it is still within budget. Given the massive ramp up of personnel on-site it raises the question of whether this will add to BDR incurred costs or whether this is a contractor borne cost to complete on time or incur penalties...

Regardless, 1st cost quartile producer coming into production in 2-4 months... sweet :)

Cheers
John