re: Ann: Metaliko to Progress Mine, Truck, Tr...
After re-reading the announcement and weighing up the facts and figures, I very much agree with the comments here.
Market was expecting a much lower overall combined JORC for both Anthill and Goongarrie, we touched 30c on expectation of 100k ounces.
Anthill came in far above expectations with 160k ounces, but delays in the Goongarrie results saw the sell off.
I think the market was expecting another out of the park announcement and now the sell off is those that bought in for the ST pump.
Happy to hold into next financial year. Company makers are still to come with Windanya and Bullabulling.
Keep a level head and consider the fundamentals rather than panicked ST sellers
MKO Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
