Bad news is already been baked into the share price. Nothing new that was not expected. MFN said the ore grades were crap and would get better going into new area. The share price is indicating what is and has gone on. On the bright side we have a new scapegoat. Is there a patron saint for miners? If so let's get the statue and put it in the production office.
the big short sellers just entered the arena, GS and JPM ? They have been heavily shorting all things gold and silver.
They were looking for some gold company to prey on in the midst the gold rise. All those JPM traders (Andrew Maguire's "buds") jumped in ? a concerted effort ? Its called ganging up on a stock.
They make any and every news item of the gold and silver companies a huge forest fire.
Their shorting exaggerates whatever news there is.
If GS and JPM were examined as the miners are they would have gone out of business long ago. They have two sets of books. One off record, and thats where all the bad stuff resides. You know mark to fantasy.