Stlamc & Loki, great insight; thanks
Below is a summary of Red ASX announcements
6/2/2012; 1st gold pour
28/2/2012; ramp-up, G.Edwards states ore ramp-up to 750,000tpa expected by May 2012, gold amount will follow mill throughput??????????????
6/6/2012; G.Edwards states production to June expected to be 7800oz at sub $600; I can't find what the actual gold production was; 31/7/2012 G.Edwards states 571kg of gold & silver shipped to Geneva???????????? maybe G.Edwards was to affraid to state actual gold production.
31/7/2012; G. Edwards states production guidance 2012/2013 remains at 75,000 oz at sub $340 cash cost??????????? Ah-ha
2/10/2012; G. Edwards states gold production for Dec quarter expected to be 18,000oz?????????????
31/12/2012; Now heres a good one (also see 2/10/2012 above); gold produced for Dec quarter 3,806oz at cash cost of $1382 per oz?????????????? G.Edwards states gold likely to be 18,000oz; what the hell!!!!!!!!!!
All these facts above were derrived from the RED ASX announcements.
I do not care about, silt in the pit, haul truck availability, power brown outs etc. However what I do care about is lies, my point is if you make a statement to the stock market then the share price is affected by these statements, if the statement is false then it is fraud.
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