The small retracement on the gold price (6 points) is highly compensated by the retracement of the Aussie dollar.
(0.961)
Meaning... SLR today will receive more money from each sale...
The important (and good) aspect is the fact that day after day the company works between 1400 and 1450 ...
Now to achieve the "bad forecast" of 1300(average) is becoming more and more distante(now we need several days of gold 1100 to achieve such bad average)...
Probably CBA and other negative brokers will slowly move their previous forecasts of EPS to avoid their reports became just a piece of joke ..
Cato
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