I'm amazed but pleasantly surprised in only a 10% fall today - strong buying support and somewhat of a sellers' strike.
Still very disappointed in the timing of the announcement that should have been made three to four weeks ago at least, in my opinion. I wonder if the ASX will give them an Aware enquiry notice, not that that ever achieves much and of course the last thing ASIC would do is to investigate share trades from 1Dec to 11Jan to see if there were sell trades of those in the know.
Also a lot of other Aussie gold miners have already reported exact production for the quarter together with the final ASIC figure(such as MOY) and cashflow details, including cash & bullion on hand at 31Dec.
With such a disappointing announcement you think they would have been keen to give shareholders as much info as possible.
MML Price at posting:
47.5¢ Sentiment: None Disclosure: Held