Indeed it would be great if that statement turned out to be correct.
We badly missed production guidance for the December quarter. I expect Mark Turner's oversight will correct some of the operational issues we experienced last quarter. If we can rectify those operational issues this quarter I believe that will assist greatly in improving sentiment as well as potential offtake partners' confidence that we can deliver reliable and consistent production.
I don't think sentiment has hit rock bottom just yet. I expect that the quarterly will be horrendous and that the selloff will continue until the company secures a second offtake partner. Remember the good old days when management used to under promise and over deliver? Let's hope they get back to doing that.
A40 Price at posting:
20.5¢ Sentiment: None Disclosure: Held