Patientvulture, perhaps even for vultures the patience is...

Patientvulture, perhaps even for vultures the patience is running out. I fully acknowledge that it is everybody's own choose to be a shareholder or not in a company like MML. Right so.
but by reading through your note the only thing I can discover is that you don't have enough trust in the company, even though they have a new CEO who has been in business for only a few weeks. I know that trust is gained by foot and lost by the speed of a horse. But I don't think you can draw a straight line form the past in the future. Yes I was also disappointed in the march quarter, but the final outcome of that is that the production level for the FY 15/16 will be around 108.000 Oz (at least that is what I believe). Some 10% lower than the low end of the former quidance. I would like to have heard that a bit sooner, but I blame it on the " in between period" of the Mr. Teo period. I admit that the guidance and delivery on the FY16/17 will be very important. I am willing to wait for that outcome. I can also explain why: the very low valuation right now for a company like MML with still net profits to be made (even now), no debt on their balance sheet and a very good change of a higher gold production after the works in the mine. Based on a framework with assumptions on POG/AISC/production etc, the current valuation of MML, based on a needed Return on Capital of 18% (which is quite high), is where it should be. But if you believe in the MML-story (some higher production and decreasing AISC) and a stable POG the value of MML is much higher. As I said in the beginning, it all boils down to the " trust-question". Some believe in it and you don't. No more, no less