what a disappointment!!!, page-8

The major problem I see, over the last couple of days, is one of shareholders being startled with headlights in their eyes. There does not seem to be any rationale in the sell down but I expect it should become exhausted soon (at least I hope it will!!). Apart from the reduction in dividend nothing much has changed and certainly not to have such a negative reaction.
No doubt Terry Burgess is conservative, but then that was what everyone was pleading for after the Michelmore debacle. The company still sits on a bucket load of cash with zero debt. It has a world class mine and a new one being prepared.
The world continues to tinker on the precipice of financial disaster...I suspect Burgess is simply wanting to see conditions improve before jumping head first back into any significant debt. The alternative of making an irresponsible purchase to appease short term reactionaries only to see possible fatal pain down the track is not a pleasant thought.
I'm not sure there is a huge amount that Burgess can do to halt this immediate slide except wait it out over a few days and perhaps top up his own shareholding.

Just my thoughts