Ann: Silver dore shipment record , page-10

Ian Lawrence made a bad call, Yes, more than one!
For whatever the reason he has sold down his holding, he obviously did not manoeuvre the ship as the new director is. It seems to me lots of decisions such as changing pit for a higher grade result; reducing staff, etc. are starting to bear result. I hold 100000 shares in CCU and did not sell out but until 3 weeks ago I had lots of doubts. Now with the AU$ 10% lower than the US$, the production hopefully staying above 200 000 ounces per month or maybe even 220 000 ounces per month which would bring the cost of production even a bit lower than the $19 stated? And if we add the saving of say $1.50 per ounce for the future lead recovery, this adds up to a nice margin even with the sliver price at $19-$20 per ounces. All it takes is a bit of tweaking and smart management which Paul Bibby IMO has shown he is capable of.