Ann: Syama Update and Guidance, page-26

What is the point of having a go at posters like Colin?

In spite of "selling" Ravenswood (and I use that term advisedly since in the usual course of business when you sell something you get actual money, not just a bunch of conditions and promises) it was forced into a capital raise at $1.10/sh in January.

Since then:
- the gold price in AUD is up from about $2,200/oz to $2,650/oz;
- it's failed to meet production guidance every quarter;
- it's failed to meet even its own fantasy (no where near All In)SC targets
- it actually managed to burn cash last quarter (Q2)
- my pound to your penny, it will burn cash again in Q3

Who cares whether it produces 500koz, 400koz or any other figure. If you've been around for as long as RSG has and still manage to lose money, you're doing a crap job. That's the company's performance. Why criticise a HC poster that points this out?

As for JW's "delayed production", f*** me, now I've heard it all. That terms applies to every ounce of gold in the earth that hasn't been mined. Not sure that a Disallowed salesman would even try that one on ...