Ann: Operations Update-Sep18Qtr prelim prod, page-22

Probably will offend some on here but here goes anyway.

The key issue for me is that the Peak Mine Production is 58% of the last quarter - Hera Production was 80% of the last quarter - this would have been known by management long before the 30th Sep - maybe something should have been stated to the market prior to now !!

There were 1,946,432 shares traded at an average of 78.5c (buying enthusiasm on the back of POG rise) - before the announcement, on a day that gold stocks could expect to be Green - those buyers might have an unpleasant feeling I would imagine.

I was viewing this management team as a cut above the average - might have to wait and see now - I would expect the SP to travel backwards and sideways for the next 3 months until we see what the next quarter delivers - however credibility has taken a hit.

The free cashflow will take a hit from this turn of events - we will know the quantum on the 22nd.

AIMHO - DYOR

Cheers