Reed's first sentence in the second para is pure gobbledegook. Doesn't make any sense. The last announcement said they were hoping to achieve production in the June qtr at a rate of 1.72 Moz, now they are talking about 1.2Moz again. They say that revenues increased 4547% yoy, which is a ridiculous furphy. Revenues in the 2011 half year were $7,422,291, NOT $286,883, the fact that the silver sales revenue was capitalised is irrelevant, it is still revenue and is shown in the notes to the accounts as such.
AYN Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
