Firstly that they have done enough to determine root cause to be confident of taking legal action. Hopefully this means that Gold Ridge is sorted.
Secondly that they feel they can take legal action without inadvertently shooting their own company outlook in the foot- that is to say, if Gold Ridge was still a disaster, and they went for the action, it would just highlight the disaster. Hopefully, this means that Gold Ridge is sorted.
After all there's no point in going after $25m if the reputational risk shreads your price by more than that. As it stands, any price effect has been nonexistent.
This quarter already feels like it's flying by, with no direct news to speak of (though with an AGM on its way). If the last quarter is a reliable precedent, this should mean that things are going to plan. I'm looking forward to sub $1000 costs and 40koz. That should mean $20m in the input side before all the outflows.
If that happens, ALD should be over the big hump.
The usual hazards apply. POG....PNG....AUD....oil....
ALD Price at posting:
$1.62 Sentiment: None Disclosure: Held
