I guess a lot of investors who bought the SPP at $3.04 are selling as they see their profits shrink and possibly turn into losses - on paper, that is.
With the quarterlies due in a few weeks, I can't see management issuing any "reassuring news" to halt the slide at this point.
I found this HC posting on the AGO site which does give the other side to the IO story.
9202765
There is also the Sky News report which is encouraging.
http://www.skynews.com.au/businessnews/article.aspx?id=856251
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I am fairly confident that this will be a very profitable quarter and that we will see an upgrade of the resource and mine life when it is released. In the meantime, this looks like a good opportunity to top up our holdings.
I guess a lot of investors who bought the SPP at $3.04 are...
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