I was also a little disappointed with the announcement; with all due respect if the management are waiting for any particular month to complete the production ramp up can I suggest they do it before the end of this December!
Regarding your mention of the Swiss vote at the end of this month, whilst I doubt the vote will get off the ground I was very surprised to hear it being discussed by this guy of all people:
Maybe I’m wrong to be so negative on the Swiss Gold vote, going by the busy day the New York and Chicago boys had on Friday. “The 10 a.m. EST (1500 GMT) spike was conspicuous in size and volume, with 25,000 lots traded in just ten minutes, and nearly half of the day's December contract volume changing hands in just over 30 minutes.”
“A call option on gold, giving owners right to buy Dec. futures at $1,200, reached $12.50 after closing at an all-time low of $2.20 yesterday. Trading was an estimated 2,213 contracts, the second-most active option.”
With the Gold price jumping around 1.5 percent in six minutes it would appear that some people in the know are expecting a positive gold move on or before the end of December 2014!
Cheers and very best regards: Andy
KRM Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held
(20min delay)
