Not everyone has the luxury of free carrying or sitting on multiple bags. For those who got in 1.5-2 years ago, while it is agonising to watch you would still be sitting on nice profit. For those who have come later, it would be pretty stressful going if your time horizon isn't 6 months to years.
IMO the quarterly told us what we needed to know without setting the world on fire (as we expected). There was enough doubt within the report re: weather and mining impact, so the shorter's would be happy with that. The company didn't say that there was no impact. They stated that they will assess impact at next quarterly. I'm confident given the contractors they have in place, that things will be managed well, but until we receive the next quarterly, we won't have any idea of impact to operations.
We are now walking the "risky" line into production, and the shorters will be hoping for issues, delays, missed timelines and subsequently delay to cashflow etc. What we need to be patient for is ramp up and cashflow. Until then I suspect our friends will hang around.
All IMO.
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