Seriously, there are so many posts cant possibly read. Read the PFS and make up your own mind.
As Presto said this is primarily retail panic that picked up pace as it went south. Lets see what happens by end of day.
My feedback has been retail very disappointed and major offshore instos happy with release particularly in Nth America.
This is a steel by any metric. What do you expect? Op ex slightly higer and capex a lot lower so why all the panic. Expect the bigger money will steady the ship and panicked retail as usual the loser.
If you dont like it sell but remember a strategic tie-up around the corner and this is a massive deposit abeit significantly smaller than ext. This is the catalyst for action....not the end of the world!
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