LordoleanThanks for the mathematics lesson, but I think I...

Lordolean

Thanks for the mathematics lesson, but I think I understand perfectly well how earnings are calculated.

Your figures are purely convenient ones and show the AUD price of gold as constant they only bear scrutiny if you pretend that the AUS price of gold hasn't dropped - the FACT of the matter is that the AUD price of Gold has DROPPED SUBSTANTIALLY over the past six months - MMLs share price has headed in the opposite direction.

Clearly, if you tried to do your clever comparison using Feb/March's AUD gold price and then using today's AUD price - our AUD earnings have DROPPED.

I'm naturally very well aware of the Gold price and of the AUD strength - I'm also very capable of handling year 8 mathematics, so I wouldn't have posed the original question without doing thebasic mathematics.

I don't want to get into a bun fight with you mate, but before you fire off another thougtless post why don't you do the exercise plotting forecast *AUD* earnings over the past six months and compare that graph against the MML share price over the past six months - THEN see if you still want to come and tell me that the sp is moving because of gold price movement.