There are three new announcements on the HKEX site. Two are...

There are three new announcements on the HKEX site. Two are significant (the other relates only to share movements).

There is a profit "warning" (actually the company has made a profit -unaudited- of A$2.5m for this quarter compared to a loss of A$5.3m for the corresponding period last year) for the half year to the 30th June which is great, but it hasn't done anything for the share price. There's no mention of production from Faboliden, only Orivesi. Gold production up 23.8%. A further announcement is to be posted on the 22nd August.

The profit warning includes the note: "Shareholders and potential investors are advised to exercise caution when dealing in the shares of the company". (in bold font!)

The notice regarding the board meeting mentions that they will discuss whether they'll announce a dividend. (my guess is that they won't - we'll know on the 22nd).

There has been very little movement of the shareprice since the announcement and I wonder if the turmoil in HK is having an effecton the operation of the exchange? I note that there are reports that China is building up forces across the border which doesn't augur well.

Price today: HK$2.22 (approx A$0.42)