From Fairfax today
"Investors should not rule out the possibility of M&A activity or further exploration from gold producer Regis Resources, according to UBS analyst Jo Battershill. The $660 million Perth-based miner does not expect to proceed to a feasibility study of its McPhillamys gold project in New South Wales, without a material uptick in the gold price. UBS has previously stated it thought this financial year would be a quiet period for Regis, with management keen to rebuild confidence and deliver on previously stated guidance. But Battershill says operational diversification remains important and with McPhillamys off the agenda for now, a lift in exploration or corporate activity is a possibility. The broker expects Regis will hit its fiscal year 2015 guidance, after a solid September-quarter update."
Read more: http://www.smh.com.au/business/mark...ead-selloff-20141105-3jmbf.html#ixzz3IA3HbpeF
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