You're making up a story here. Saw the presentation. Same as last week's at Merrill Lynch. Immediate reaction following completion of presentation was a RALLY in stock. Unfortunately, battering of all miners again today has caused AUQ to fall. Probably some disappointment that stock didn't go up after presentation - but it wasn't because of the presentation. It was all good news. But good news doesn't matter these days. Miner investors are demoralized. Searching for a bottom.
I was trying to figure out why this was down almost 7% on no news while spot gold was essentially flat. I'm not longer surprised by what happens to mining equities. Some clown at the Fed comes out and says "oh we might taper in October" and they use that as an excuse to slam the miners. You would have thought that anyone long that wanted out of this name would have done so months ago yet someone is still relentlessly selling.