I was impressed with the November 2014 AGM presentation and
expect significant improvement in the future.
Production for this half was expected to be 40 to 45T ozs. They produced
21T last Q and this Q they should produce between 19 and 24 t ozs to meet Guidance.
Rob Gregory COO stated in the Nov presentation that it was important for the company to meet
guidance when they provide one.
I will be extremely disappointed if they do not produce at least the same amount as last Q.
I however have a uneasy feeling that the announcement today which was very good may in fact be a sweetener for not meeting guidance.
I hope I am wrong but the cynical side of me doesn't like good announcements just before they provide a Q report. I have seen it too often where it is an attempt to buffer the disappointment if the Q report is ordinary.
Not long to see if I am correct
MML Price at posting:
86.5¢ Sentiment: Hold Disclosure: Held