The chairman, in his statement firmly believes they are on track to meet guidance, etc...
Excuse me, but the heirarchy of the company should know what is going on, they are either running at, above or below guidance.
"I firmly believe we are on track"??
That just sounds like too much of an out clause to me, like they know they are behind but believe it is possible to catch up. If they were currently on track with guidance, then that is what would have been stated.
If they fall back to the 15-16,000 oz area for the quarter, then cash will become a problem by the end of the year, given the $900-$1,000 ASIC number with guidance, but higher if below.
MML Price at posting:
55.0¢ Sentiment: None Disclosure: Not Held
