"http://asx.com.au/asxpdf/20121017/pdf/429g0ssxbchd8x.pdf http://asx.com.au/asxpdf/20121031/pdf/429w9mbsjd0m5q.pdf Ians Brr interview is worth a listen as well.
Many times have the investors been led to believe that the company would be at 2.5mill ounces by dec 2012."
Killa, I see how you could interpret 2.5m ounce pa production from these announcements, but you reference them with no regard or consideration for the grade control issues subsequently encountered and announced in November 2012. There were some qualifiers used like "expect" and "ramp up" so to say they were making assurances or guarantees is stretching the truth to say the least.
Based on how production figures were improving in August, September and October, management were fairly justified in saying they expected 2.5m ounce production to be achieved in December.
CCU Price at posting:
38.8¢ Sentiment: Buy Disclosure: Held