Come on Bemax,Now December 10th, and Bemax operates on Calendar...

Come on Bemax,

Now December 10th, and Bemax operates on Calendar year. One announcement in November about Gold, nothing else.

Comsec forecast (RBC Capital Markets) say they will lose 1c per share this year based upon high exchange rate, and are predicting measly earnings of 0.2 cents per share next year - after expected $150m of expenditure to expand Broken Hill mining capacity.

Iluka has suffered in the market at the same time (down from over $7 to under $5).

I am hoping they come in with better returns than RBC predict, but would have to say that the Gold announcement indicates they are seeking higher returns than mineral sands has produced.