Ann: Guidance Update, page-3

Bit of a two edged sword this update.
The reduction in annual output to 80 Koz pa going forward is negative as is the lower rate for the current year.
The continuing attention to lowering costs with definite actions proposed is positive but it will take a couple of quarters, to see the real impact on the AISC.
Hopefully, the new MD quickly sorts out the ongoing delays still present with the new pits.
Along with last night's pullback in the POG, I cannot see much improvement in the SP from this update. MOY is already heavily discounted and so any downside today should be limited, if at all. I may top up if there is a 10% drop but my current exposure does act as a restraint.