behaving like a penny dreadful, page-2

Maybe this is why?

ERA - UBS rates the stock as Sell

Above average rainfall is posing a risk to short-term production, while the broker notes the heap leach development needs to become operational in 2013 to avoid any decline in production from processing lower grade stockpiles.

The company's production issues see the broker retain its Sell rating, with Paladin ((PDN)) preferred in the sector.

Sector: Energy.

Target price is $12.35.Current Price is $13.05. Difference: ($0.70) - (brackets indicate current price is over target). If ERA meets the UBS target it will return approximately -6% (excluding dividends, fees and charges - negative figures indicate an expected loss).

http://www.sharecafe.com.au/fnarena_news.asp?a=AV&ai=18486