And there it is... what we all knew was inevitable, but the management didn't have the stones to mention in the quarterly.
My gosh that made for miserable reading!
You know things are bad when the MD makes zero effort to put a positive spin on things...
...and if you are going to have a negative announcement like this, at least be smart enough to announce ALL of the negative news that investors are also expecting, like an update on the service shaft completion...
A classic MML, "Happy Friday" message to its shareholders.