If the JORC doesn't come out in the next 5 trading days, then you will probably see mid 2's very soon. I wish I had bailed at 4c not long ago. Could have always got back in again.
Isn't hindsight wonderful.
If management can't achieve results, and continue to disappoint time after time, investors will loose confidence. Winning confidence back can be difficult.
JORC was meant to be "concrete 2010", then early 2011, which was widely interpreted as January 2011, then it became February 2011.
Like I have always maintained, if you can guarantee a result 100%, then don't make promises you can't keep.
(Just in case anyone thinks the 3rd party lab delays is any defense)
It's a pity JORC didn't happen already, because this whole unfolding Middle East drama is affecting the markets, and will continue to do so for many weeks, if not months.
Expect any SP re-rating on the JORC ann to be lot more subdued, compared to several weeks ago.
:-(
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