I have reason to believe that things may be on track but IMO safer for management to report after end of September quarter, so sometime early October. Not good for credibility to say the quarter is back on track mid way through the quarter only to have further problems toward end of quarter and disappoint the market once more.
Management have a lot at stake here and are committed to make it a success. A lot depends on it, including MRC.
Still, until we get the news the market will continue to remain anxious. Commonwealth Bank was happy enough to buy a big parcel of shares earlier this quarter which will hopefully provide some reassurance until we get the news and gold price is going in the right direction.
When news does comes I think the opportunity to buy at these levels will have passed and we will see a significant re=rating. So not much longer to wait now.
(This is my personal view only, do your own research and play it your own way)
von.
I have reason to believe that things may be on track but IMO...
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$32.80 |
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Mkt cap ! $7.816B | |||
| Open | High | Low | Value | Volume |
| $33.10 | $33.10 | $32.37 | $72.85M | 2.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1535 | $32.78 |
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| Price($) | Vol. | No. |
|---|---|---|
| $32.80 | 150 | 1 |
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