well - i'd imagine that the report won't highlight anything that would justify the size of the shareprice drop - the reason being that if the company ran into any severe operational issues that would otherwise prevent them from earning revenue as is expected after production, they would be in breach of the ASX listing rules by not reporting it to the market. Also - even if they have delays, mishaps, or cost blowouts, it surely couldn't be a large enough issue to undervalue the actual asset that this company has, which is literally worth hundreds of millions of dollars.
Who can explain the selling? Not me that's for sure. I will continue to hold this stock provided that the resource is proven to be there.
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- patience needed
IBR
iberian resources limited
patience needed, page-12
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