Thanks MorleyYour post the other day was timely.I'm not too...

Thanks Morley
Your post the other day was timely.

I'm not too surprised by todays announcement given the sentiment in the sector is not really improving. At least production is slowing and AUD is a bit weaker, so some minor postives to come out of it.
The market may have already factored this into the share price over the last few weeks hopefully.

I thought this had bottomed some time ago, (start of this thread). Looks like I was pretty wrong. Its hard to predict when the industry will improve before the rest of the market does.

Still don't mind holding as long term value is still good at these prices. Might wait for dust to settle before I buy some more.