Ann: Quarterly Report for 3 months ended 31 March, page-3

re: Ann: Quarterly Report for 3 months ended ... Well... I must say it was against my better judgement that i switched into SBM - I always had concerns re. the high cash costs and it seems that there is just not enough margin for processing problems.

Lucky the gold price is at $1200 + AUD as if it were at the levels of a year or two ago then things would be even worse.

I don't think that this is the worst news ever, but certainly not good after everyone's hopes were high after the last quarter.

Should have trusted my gut feeling (and Yield's advice) rather than looking at the upside in the event that all went to plan...

I think I'll reduce my exposure to this one until management can indicate they have a handle on their operation - stick to low cost producers like KCN in my view (Thai geopolitical risk aside)!

ps. goes to show how much price sensitive inside information gets passed around between the big boys...