Overreaction?17 Jul 2023 08:44
Not good to hear about these types of issues but a few things stand out:
- "No contamination, or a higher incidence of disease in the neighbouring population, has been identified."
- "The Company is therefore confident it has sufficient tailings capacity whilst the second tailings dam is constructed."
Only drawback is:
- "the Company expects to curtail the parts of its Gedabek operation ... and the Company will revise its production guidance accordingly."
So yes some near term impact... but this is a conservative, well run business and environmental concerns + construction set backs are par for the course in this industry. Not sure I see a huge concern for long termers?