priest , Valid point are made by you and I don't discount:1...

priest ,

Valid point are made by you and I don't discount:

1 agree v/good geology/geologists
2 not sure how this fits in other than a crowing point for THR now t/o implemented
3 good mine management
2nd 2 standard business negotiations
2nd 3 Production is not the holy grail imo but min trouble free production is (Time delays/ bad comissioning)

But the orignial premise stands . The company rasies funds for mine completion commisioning further drilling unforseen circumstances etc. Using those funds to punt on the market are a mistake.Its not whether they made or lost money on them it the fact that they use the money in the way they did (what about low risk shrt term money market for god sake, low return is still a return) How would an institution view them now after that , I believe it would be quite different imo. As for anz look at their decisions now coming back to haunt them.
Its not about what they have done its about what they have done lately and how much this will hurt them in the future.
Also yes they will have profits. How much will be a known once they sort out processing, shipping delivery times etc.