I Have to look back or i can’t assess if the trade was right or wrong or if it needs adjustment, not everything goes to plan, but it works for me
Price says I was correct in selling out a few weeks ago for the reasons we discussed, saving over 30 percent- I look At the actual Report just released to assess if I should reinvest because I got lucky on the price - my personal assessment is not to buy or even trade it at this time because of the information and that the price fall is justified
I agree jan figures released are an improvement however they are basically the same as six months ago- refer jul aug - then oct was poor and and continued to be so until
They pre released the current numbers a few weeks ago.
I think it will need some further capital if there is any problems with production , grades or recoveries in the short term and because margins are low- margin quite negative in last report and moving maybe positive - but low- too low to be viable until production is vastly higher than guidance imo and margins are higher .
A40 Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held