Not crazy at all. Green by end of day is extremely unlikely!
"Mining recommences at Cadia" – good!
"Mined ore will be stockpiled at surface until processing recommences" – not so good.
"A prohibition notice issued on depositing tailings in the northern tailings facility remains in place" – also not so good. It means the choice is not ours to make when we resume tailings deposits.
"Work is being undertaken on multiple recovery scenarios" – not good either. It means we haven't even decided yet what we're going to do to get operational again.
"It remains too early for guidance to be updated" – downright bad. This is equivalent to saying that guidance will need to be updated, but we don't yet know by how much.
Shorters will be piling in for sure, capitalising on chartists who don't read announcements.
NCM Price at posting:
$19.83 Sentiment: Hold Disclosure: Held
