No new CEO downgrades by 35% and doesn’t use it as the kitchen sink moment to reset expectations and give himself a chance to beat especially someone who’s not on his first rodeo.
The market overreacted because simply put, if anyone believed the previous guidance the SP wouldn’t have been 46c Africa discount or not (expected 20c EPS on the previous guidance).
The tight mesh GC drilling gives me a lot of confidence that at least for the next 3 mth we shouldn’t get any nasty surprises related to grade.
So if you follow that rabbit hole further down, the credibility should be relatively rebuilt over the next 3 monthly reports and this has the chance to become the short squeeze of the year with 51MM shorted shares on the last report
my 2c, Opinion only and DYOR and GLTAH
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