no disrespect GHT, but Lihir missed badly last QTR and is currently offline, you have to look at what is happening right here right now imo, forget the promises in the future, it aint happening at Lihir at the moment...as for what they have done, that wasnt the question, they sold a cash producing asset for paper, regardless of the reason in my view thats not a great outcome for shareholders as the capital in the ground is now going to be managed by someone else....
i remain short as I expect this will hit earning just like the guidance downgrade will
NCM Price at posting:
$37.01 Sentiment: ST Sell Disclosure: Held