“...Have no basis”? C’mon dude, this isn’t a court of law where the onus of proof rests on one to prove their beliefs beyond a reasonable doubt
We’re talking about investment decisions here. Everyone must (or at least should) weigh up risks & uncertainty according to their own measure
The mere fact no one here can explain the poor mill grades is telling. Without question this confusion has contributed to poor market sentiment and collapsing share price
If you think the market at large has got this wrong, double down by all means. But accusing the market of ‘having no basis’ to think this way is pointless and silly