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01/08/16
17:17
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Originally posted by PortfolioPlus
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Well I did buy at 93.5c and jagged a minute amount at 91.5c! Don't know whether I have reacted to the slow, juicy sucker ball or not! Will have a second or third glass of wine at happy hour to see if things look any rosier!
If ever any company needs to have clean shoes, classy Italian suit and and a brilliant pitch at D&D its DRM. Presently they look like ill-dressed lepers! A Pauline Hanson "Please explain the Monday (todays) market" is overdue. Then again if HHL got in because DRM is a low cost producer, maybe todays reaction is a violent reprisal.
Something is "strange" re the ASIC. The preso for the Mar quarter showed the ytd ASIC at $1,136. Then at year end it is $1,290! June quarter was a shocker and I'm not sure the company has adequately dealt with the matter and specifically, the ramifications going forward!
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Correction: FY16 AISC is $1,229 and yes the D&D preso does alude to the reason for the June qtr increase on page 22...but no forward AISC estimate for FY17 from what I can see. Still needs to be better explained.