I hold a large proportion of my shares in AGO. My sentiment is...

I hold a large proportion of my shares in AGO. My sentiment is along the same line with everyone else that I am disappointed with the quarterly result. But those unfortunates are not management faults - importantly the issues are short term - and can be attributed to normal day-to-day operational risks.

I disagree with those posts suggesting that a bad announcement should be release after the market close. Yes, that is a common behaviour for speculative stocks, but I suppose AGO - being in ASX100 - would not follow that path. Transparency is important. I have never witnessed any big Australian company (ASX20) attempting to release a bad quarterly result after the market close.

But what is the real difference between releasing a bad result before or after the market close? IMHO, dad-mum's or small short term traders do not have sufficient funds to drive down an ASX-100 stock in the announcement day. It's the big players/substantial holders selling down. They would do it in their own time with a thorough research - doesn't matter on the announcement's release day or the next. In short, a bad fundamental news will always result in a down-grade irrespective of the release timing. A big company like AGO should master that principle more than we do. Releasing a bad result after the market close doesn't stop the SP drop, but leaving the share holders distrust on their transparency.