what a disaster of a report. shareholders should look back at a charters tower update - 16 dec 2009, which included the following
" the gold production target for calendar 2010 year has been revised to 50,000 ounces. These more modest targets are based on accumulated experience and the more detailed understanding of the gold distribution. With the benefit of hindsight the previous aggressive production build up rate was premature. The overall long term project target remains unchanged however it will be a more gradual build up in production.
anyway, as far as calendar year 2010 is concerned, it is of to a bad start. to reach 50,000 oz, then production is going to have to be 15,000 oz per quarter, for the next three quarters.
if production had been increasing, then the company would have provided an update during the spp
CTO Price at posting:
13.5¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)