G'day Bluestone.I think that we have fallen into a little trap...

G'day Bluestone.
I think that we have fallen into a little trap here that could even have been set by management.
Having released an update on the 16 Dec 09 saying that they will now only produce 5,000 oz for the quarter, a fraction of the original target, which we worked out at a previous date as being about 18,000 ozs from memory, made up of the ozs for the Dec quarter plus the missed ozs from the previous quarters that they promised to make up, everyone is now taking that as the target and debating if they will "beat their target" of 5,000 ozs.
So now to summarise, we are now debating if they will meet the 5,000 oz revised estimate made only 1 month ago, and do not forget that Christmas and New Year holidays were in that period, and our attention has been diverted from the 18,000 ozs that was the real target for the Dec quarter.
Now it appears that everyone will be over the moon if they better the paltry 5,000 ozs, instead of the 18,000 ozs, that they were supposed to produce.

Kind regards

Lockitt