Ann: Co-O Mine Update , page-22

It is always a tough call. Do you tell the news with a comment "it is too early to know the impact to operations"

Newspapers do that.

It would have taken MML some time to a) assess the damage, b) determine the time and cost to repair and c) make a decision on replacement or enlargement. Once those 3 items were known, then the market can be informed. Any announcements prior to that could be regarded as misleading the market.

HT1