Agree they're late, which isn't a great look. Unfortunately...

Agree they're late, which isn't a great look. Unfortunately sometimes things just take longer than you plan (whether it was volunteered timing or not).

I have my bet on a release tomorrow morning. Only very loose logic, but the fact they have been able to release the T20 today (also late) could mean they have finished up the MRE announcement.

Interesting to see everyone's guesstimates. The consensus is higher than I thought - I'll put my guess at 330kt Cu equivalent.

My basic thinking on market response is:
< 300kt, below expectation and share price may react accordingly.
300-400kt, on par with expectation. Probably see some strengthening of share price, as I think an MRE miss has been priced in already.
> 400kt, above expectations and expect a bounce in price (relative to the otherwise shaky market).

All speculation of course.

Cheers,
Dingo.