Speaking as Focus' December quarterly joined the flood of reports scraping in by January 31, Mr Baird conceded the failure to hit guidance at Coolgardie was "disappointing".
"We said 100,000 (ounces at Coolgardie) and we only got 80,000, which was disappointing," he said.
"But when we took the decision to do the Laverton transaction a lot of the money we had set aside to really aggressively push the operation at Coolgardie went to the Crescent transaction and I believe that was well directed.
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By my reckoning, the loss of 20,000 ozs from the 2011 guidance, by setting aside the aggressive push of Coolgardie to concentrate on Laverton, has cost FML an additional $33.4 million bucks for the takeover
(20000ozs @ $1670).
Did I somehow miss an announcement from management in 2011 telling SHs that Coolgardie guidance would not be met?
Speaking as Focus' December quarterly joined the flood of...
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12.5¢ |
Change
-0.010(7.41%) |
Mkt cap ! $35.81M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $10.26K | 82.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 140038 | 12.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.58pm 30/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |