Jojosydney: "Ask those holders who sold out yesteday, when they...

Jojosydney: "Ask those holders who sold out yesteday, when they started reading all the scaremongering that was going on."

My comment:

I wonder what the selling would have been like if CCU's annuncement on Monday to the ASX clearly had these words included which are in today's ASX release?

"The primary reason for making the release was to inform investors that CCU would not meet its annualised production target for the December quarter.

CCU is confident in its silver reserve and does not believe that it needs to amend its resource and reserve estimate based on the information currently available."

On Monday I saw the following in CCU's ASX announcement:

"The lower grade ore is arising from two sources; Medium grade ROM stockpiles where the grade in the stockpile has been overestimated, and lower than expected grade ore from the Boundary pit.

While the reasons for initial grade estimation errors at Boundary Pit are currently being investigated, recent infill and grade control drilling has highlighted greater grade variability than expected."