Why didn't the company simply say that they are stripping a new area hence the higher costs, lower grades and poor stripping ratio? At the moment, until the company comes out saying otherwise, it's open to interpretation.
How long will the higher costs, lower grades, stripping ratios persist? So many unanswered questions. We aren't scaremongering - the management are doing a good job of that themselves with what they aren't saying.
All analysts have said that the GXY report wasn't what they or the market were expecting. Therefore GXY isn't informing the market of its expectations. As a listed company, management are supposed to keep the market informed of its expectations - i.e. continuous disclosure.
This is what it must be like for a GXY holder.. Left in the dark.. Walking around blind..
View attachment 1075198