CPDCL,
Past guidance has recently been abysmally poor, why should future guidance be even more than a moments consideration.
What has changed to make future guidance believable?
My opinion nothing. The september quarterly numbers showed costs cut to the bone to get $2m extra cash. I'm with Chuk in that AISC are over $1200.
The competance of the company is clearly shown by the recent presentation.
They already have the numbers for the Dec 2014 quarter, looked suspiciously like last Decembers. (p4 right hand column). They consistently make the same mistake. It means nobody bothers to check things. This type of mistake was made during the last management as well, so I think I'll treat the guidance with the contempt it deserves.
If they want to give an AISC, at least state what is included and what is excluded, so investors can take the guesswork out.
MML Price at posting:
49.5¢ Sentiment: None Disclosure: Not Held