Ann: Guildford Coal advises H2 2015 Production Forecast and Secur, page-3

nqspirit,

In my opinion this is far from confirmation. Hope is one thing, but outcome can be another entirely. The past history of this company certain proves that point.


"The revision is a result of increased ongoing resource definition as part of our operating strategy and a subsequent detailed review of the short-term mine plan focussed on positive cash returns during the current low price cycle."

Well I guess Its a good thing that they aren't telling us that their strategy is to be cash flow negative anyway

While it seems to be positive news, i'm personally holding my excitement until i see some figures. As yet I have not seen one bit of information in regard to targeted operating costs. I have also contacted the company directly to inquire about this as surely it forms an essential part of their strategy. It is a little concerning they they can not even provide an estimate of operating expenses or targeted expenses to their shareholders.

Yeatesy.