BigGuy that big announcement could potentially come from up to three sources.
(1) a March quarterly that breaks the mold and surprises on the upside, instead of the usual news from the company that mostly disappoints. This report would involve metrics that include actual output beginning with at least a 3, as in 3,xxx ounces. A 4 to start with might be asking too much for the March quarter. I would applaud AISC below A$2,000/ox. This would yield a fat net margin of well over A$1,000/oz.
(2) i'd like to some early assays from the Nuggety exploration program that show intercepts of wide, shallow, high grade ore that confirms all geological models. The drill has been underway for more than 2.5 months so the company surely is starting to get an in idea of what's down there.
(3) news of a lucrative farm-in or JV with a tier 1 major covering the exploration blocks in the Macquarie arc. They've been talking all this quarter about this. Nothing on the table yet?
the following is like urinating into a stiff breeze.
i'd like to see a succession of cascading upbeat news in no particular order in coming weeks to help prick up the ears and the SP.
some gold producers have already issued quarterly reports.
Were KAU to wait until after Anzac Day on April 25 before issuing its quarterly, it could hardly give a clearer sign of flipping the finger to company owners. The disappointment would at least be consistent with past performance.
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