Yes that's the secret here - no news is good news - means that the revised guidance is still on track - means they don't have to do a capital raising - I also hope that it means that the E15 shaft will be completed in July(being the last guidance) - even if they only produced 22,000 ozs in the March quarter due to a soft production month in January due to L8 shaft maintanance, then that result is still acceptable as they should produce 30,000 ozs in the June quarter with that problem solved and higher gold grades from levels 8 and 9. I can't imagine their funds would have lasted if the soft production rates had continued into February.
But always safer to wait the two weeks for the quarterly to confirm this optimism.
MML Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held