I read it as a pretty drab quarterly, nothing terrible, but if anything we were slightly under what is budgeted, albeit they claim we'll make this up in the next quarter.
Obviously not many believers in that today given the sell off. I saw the announcement and thought about getting out at where i got in on the close yest (11.5) , was surprised there wasn't a mild sell off - guess it came in the end anyway....
Well... guess the writing was on the wall when we failed to crack 14 and the drop back to 12.5 i wanted (and shoudlnt' have loaded up on) and again at 11.5... before any news... obviously a leaky ship.
Another lesson well learnt (3rd time around, 4th maybe?!) about always just waiting for this thing to drop more before buying back in. Somehow when it seems impossibl eto get anything at 12-13c, wheny ou do it finally drops back down to 10-10.5! geez!
Still big drop from 14... would hope to see it back up to 11 on monday.
That said, I didn't see admin costs yet (that would be concerning if so) but the time line on NCC-roodekop has it been slipping? I swear it seems optimisation studies, and other work is now q2, q3 mainly... wasn't this originalyl slated to be mining early 2015, as in physically digging and shipping dirt outta the ground. It still seems its in pre-development mining stage.... I'm pretty sure the timetable has slipped but haven't had a chance to go back to historical timelines.
UNV Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
