Ann: Guidance Update, page-29

yep.....served me well my intolerance for excuses and this ann had many.
I was caught by surprise at the magnitude of the drop in the current 1/4 production forecast........2/3 through the 1/4 and they drop that clanger.......20% below forecast
I do understand what the new MD is doing by lowering expectations but that is an awful lot of plant to run for 80k ounces so AISC well remain high and I can see MOY turning into a TRY and only exist to pay back the bank.
Agree with you a Cap raise will need to be done now production levels are set lower and the bank won't give them money on favorable terms.....last terms were not flash.
Shall watch it all pan out from the sidelines........AISC update will be interesting but based on the first 2 1/4ers $1600 and $1850 and now a big downgrade to production for the second half........... well that's self explanatory.
over and out for me on this one