Yep rocket, I can't disagree with that observation. There are...

Yep rocket, I can't disagree with that observation.

There are two things in particular that Mr market dislikes - uncertainty and companies delivering poor results relative to forecasts (either the companies or analysts). IMO E25 in attempting to avoid missing forecasts has fallen into the alternative trap of creating increased uncertainty due to an information void existing. I believe the market is interpreting the absence of favourable information releases as an increased risk that operations are unfavourable.

On a different note, Angelic Anna is on the Saturday arrival schedule with a flagged 4pm arrival time. Depending on how quickly Port Hedland turns around Angelic Anna, there could be an update release from E25 in the first few days next week. This may contain information to remove some of the uncertainties.