Target lift to $1.80, page-54

Although negative market day for goldies driven by Fed indecision , speculation impacting POG $US. There are offsets in exchange movements.

Interesting to note:-
POG $AUD SBM SP
29.10.2015 1620 1.39
6.11.2015 1544 1.27
9.11.2015 1546 1.16 (not closing)
vs . 29.10 down 4.5% down 17%
There are larger movements in SBM SP than POG $AUD.
Q. Did SBM SP overshoot higher end of October or over shoot on the way down today, not forgetting that the market was still re-rating SBM @ end of October for its strong fundamentals and cash flow end of October. GLTA