Let's face it, if spending funds on Fekola reterns better/faster then why the hell wouldn't you do it. The only issue will be the market sentiment removing the immediate known value of Medinandi and how long till we prove up more ounces at Fekola?
I reckon the review and whether to shelve Medinandi will be the right thing to do for the company and for Middlemas's investment (that's what good businessmen do, make hard decisions), but it doesn't mean we won't see weakness as a result of the decision.
Agree wholeheartedly that someone seems to think 50c is a good price even without Medinandi.
I am confident Middlemas decision will be the right one.
PIR Price at posting:
51.5¢ Sentiment: Hold Disclosure: Held