Since the Announcement of commencement on mining at Talang Santo...

Since the Announcement of commencement on mining at Talang Santo on 09-07-14
there has been a persistent drop in SP which, IMO, is based on sentiment
and not on fundamentals because:

(a) The POG on the 09-07-14 was $1390 AUD
(b) Current POG is $1369 AUD (most of gold's price volatility in the interim has been due
to the AUD vs USD exchange rate volatility.
(c) KRM SP was $56c on the 09-07-14
(d) KRM SP today is 42.5c
(e) KRM SP should vary according to the POG in AUD-not in USD- because KRM is an ASX
listed co with profits realised in Australia in AUD.
Giving that everything is going to plan and that in AUD there is only $21 price
difference in the POG since July, there should not be such a SP difference;
arguable, the price of KRM should have went up because ramp-up is
going as planned and therefore the mine has been derisked

But that's market sentiment for you !

Fundamentally, $21 AUD drop in the POG should only mean a cent or so
in SP.
Moorookamick