I wouldn't be surprised if things were a bit shaky for a quarter or two, until new management have settled in a bit. It's a little bit, if not exactly the same, as CYL, where it took a little while for the market to be convinced that the ounces were going to be produced.
In this case, we have some idea of where Henty stands, with a reasonable idea what the current AISC and mine life looks like. But just tying these down- and hopefully improving a bit- and giving the market some certainty is what will kick things off.
I've said this already but: while a $5000 gold price covers a multitude of sins, investors will still prefer companies that are making an effort rather than those just relying on that extra cream.
KAU Price at posting:
17.0¢ Sentiment: None Disclosure: Held
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