Ann: Quarterly Update, page-10

beachtrade, yes I have to agree it was an absolutely stupid statement.

" management is of the opinion that the company is on track to achieve better performance for FY2017 as compared to FY2016."

I'd send an email to them and see what they say. [email protected]

Its rather obvious from the numbers that the income as well as profit is nothing like last year, ie no manganese production for a start, no ferro manganese produced or sold, only a handful of silico manganese was produced and only 222 tons sold.  Ferro silicon there was 126, 261 tonnes produced last year, we have nearly exceeded that in 9 months ie 124,099 tonnes.

I would not lose any sleep over it, just take it as a buying opportunity, as obviously somebody doesn't know much and selling a few shares today.