Seems many like to bash Macquarie, but alas they predicted 19c when this was low 30's and all the dampers laid crap on them, now they put a target of 16c.....not that impressive considering last night's close. But that's really a positive call by Maq, it sort of says we found bottom, so only way is up isn't it?
Management's decision to close down communication inspired the SP drop, not to mention the debt issue it said it was working on a new deal in Sept which has not found any support or update.
The positives are there, but getting production to 80% is the key to delivery on better outcomes going forward, until then nothing changes.
AJM Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
