possible reason for rapid share price decline?, page-2

"MEDUSA MINING Ltd. has slashed targets for gold production..."

I think that's a bit over the top by the reporter... they've reduced their FY12 forecast by 10,000oz after the unfortunate fatality and recently completed shaft refurbishment that resulted in just 10k production in the Sept quarter. Like Silver Lake and their year of transition in FY11, these guys need to spend a year or two opening up the mine, increase the plant capacity to double production to 200k. There will be share price disappointments during this period as I expect quarterly production figures to be quite volatile but I'm not worried... the company has plenty of cash and cash-flow to absorb any hits, no debt or need to raise equity.