It would appear that buyers ran out of steam at the end of Friday as there was only a minimal raise after the 'promising' announcement - and unfortunately that's all we have is more promises - every couple of months Management has to come out with the facts - usually induced by a quarterly deadline and in this case an ASX price query - Management would obviously rather say nothing due to the lacklustre performance so far.
To say Management has over promised and under delivered to date is an understatement to say the least.
Unfortunately a lot of us are locked in at much higher prices and just want to hold on and believe what is being fed to us - maybe we'll get lucky but it has to happen soon otherwise massive dilution awaits us.
It would have been much more honest for Management to have told us what the production figures were for each of the months of July and August but alas that info was carefully avoided.Let's see if that info comes out after the Directors meeting this week which should realistically reduce the previously 'promised' FY13 production target.
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---|---|---|
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33 | 1675872 | 0.350 |
17 | 1054440 | 0.345 |
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Price($) | Vol. | No. |
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