Surely this price can't move any lower. I'm baffled as to why yesterdays announcement has warranted a 20+% discount on the SP. The company reported good monthly and quarterly results. On the surface it all looks positive - positive production results, good grades, low strop ratios, and increasing gold prices. Surely there has to be something else going on here?? Morningstar has also downgraded its valuation (not that that really means much).
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Gold Turnaround Story of 2018, page-2477
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