re: Ann: Likely Mineral Resource Increase at ...
Fishing Bear,
Agree wrt distraction, dissapointing and a bit sneaky to bury such a significant change to the ST outlook.
55kt wouldn't have suprised me, but the last guidance I can find was 60kt +/- 5% on 28 Aug.
I guess we might drop as low as 45 ST on this, but I really think the market will start looking through it to next year and beyond again pretty quickly.
Still it has set us up to expect underdelivery, and to expect bad news to be sneaked out.
EL
PNA Price at posting:
$2.45 Sentiment: LT Buy Disclosure: Held
