Correction of a heavily oversold situation IMO. The market was waiting on a production update and it seems it was at least relieved that they are well on the way to achieving their forecast production numbers albeit 2 months behind schedule.
The share price got punished heavily for the 2 months of delays and now it has been rewarded for getting back on track and will continue to move towards a valuation in line with its producing peers as they get to nameplate production.
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