dont expect its anything to be concerned with. think its just one of those items they where they could use an IR advisor.
since close of last mining boom there were a lot of complaints and threats of legals from investors that felt - rightly or wrongly - they were taken to cleaners by companies that forecast or implied economic production but failed to get into production
so ASX introduced a standard where it wont allow a company to name a production target etc unless it has things like
- a proven mine reserve (ie the resource has been engineering modelled to prove its economically likely feasible to extract materials etc),
- contracted right to actually existing transport to ship product etc etc
So - my surmise is that - until a pfs is out that details those things under this new expanded whole of ore plan, company isnt supposed to give out numbers implying what such a report has yet to substantiate
lawyers amirite. you're not in kansas anymore
and yet they'll give tech stocks like BUD a free pass to blithely print wholespun fabric of fertiliser about implied revenues, simply on basis of supposed 3rd party distributor sales estimates
lawyers i dont mind. bush league sophists .... thats another story
i also suspect its gonna be a super sexy night tonight.
bring the pow poms tomorrow, just in case.
always good to come prepared come game day.
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- Ann: Retraction of Production Targets
dont expect its anything to be concerned with. think its just...
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19 | 493685 | 0.120 |
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Price($) | Vol. | No. |
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