SPs move for all reasons...overall market sentiment, sector sentiment, commodity sentiment, company sentiment. The market can behave rationally and irrationally. Everyone always assumes a leaky boat when there's a selloff with no news. I have a sizable position in a miner with 1.7M oz resource and is in construction phase. They have been undervalued by the market for a long time despite management putting every step right. They are also down today, albeit less than DCN.
LJ could have revised down production numbers and revised up ASIC and he chose not to. To me, that says he's confident we can get enough ore out of the ground and through the mill to hit targets.
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