encore ???

Closing wrap on PNA.....
Company news: PanAust Ltd (ASX:PNA) has achieved record copper production at its Phu Kham mine in Laos for second successive quarter and forecast a rise in 2011 earnings. PanAust says it produced a record 18,871 tonnes of copper at an average cach cost of $US0.76 per pound, after gold and silver credits on the back of above nameplate ore processing rates and high commodity prices for precious metal by-products. PanAust expects EBITDA for the 2011 year be between $339 million and $394 million. Shares in PanAust fell 1.2 per cent to close at $0.825.

I'm not sure what the market expects for an Encore...I think the numbers speak well for management and the future looks good. Down 1.2%...why.