Ann: June 2017 Quarterly Report, page-3

We guessed it was coming, but it still reads negative.

Though the share price would already seem to have priced it in. No major sell off. And gold price is holding up. And they put some cash on the balance sheet this quarter which is nice.

Think this is most important:

The FY17 - 18 guidance is 80,000 to 90,000 ounces of gold produced at All-in Sustaining Costs (AISC’s) of between US$1,050 to US$1,200 per ounce of gold produced.

The guidance is governed by the completion of the E15 Service Shaft by the March quarter of 2018.  Once completed the E15 will unconstrain the Level 8 Production shaft as all manpower and materials will be removed and Level 8 becomes a dedicated skipping shaft.

But when investors have been disappointed so many times in the past is anyone still listening?

I read it to mean Q1 and Q2 are going to be horrific if they are only expecting ~85k oz for the year with the shaft being completed in Q3.