A fall of 50% will put the share price well under the cash backing.
Given the company was in merger/take-over talks at the beginning of the month then I would expect some type of deal will emerge soon.
The company has given themselves a week to pull another rabbit from the hat...
Oh and the production figures used in todays announcement are mis-leading.
Does anyone know what the production was for the months of April/May? If they are anything like the 'forecast' for June then the overall production for the June quarter should still be above the March quarter!
Very poor communication. Tread carefully.
Gus
A fall of 50% will put the share price well under the cash...
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