bourbaki, of course its the market. 12 months ago an announcement like this would have increased its price substantially.
The increase in resource is a huge plus. The indication that we are going DSO is a huge plus. The OPEX although higher than expected still leaves a large margin at current prices and a decent margin even at much lower figures. CAPEX was never going to include benefication plant, so dont know where you got that from.
How has BMN been rewarded? Half the shareprice they were 4 months ago, less than a third they were 5-6 months ago. If anything the same applies to BMN, lack of reward on performance.
Its the market alright. As with many companies, alot of companies are under-valued on the stock exchange atm.
very little reaction, page-17
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