With ya, LTS... it is not a neutral for these bone-heads not issuing any updates... it is a HUGE negative.
In the face of a collapsing share price only 2 alternatives seem reasonable:
Everything is going great, Yamana is ready to sign, the new partner is raring to go, the iron ore is on the way for delivery and the money will be rolling in in a matter of days.
Or,
The poop is about to hit the propeller, Yamana has left the building months ago, the new partner will NOT make the big payment and will bail on the entire mess, the iron ore turns out to be uneconomical or lower grade or was mistaken and is actually standard grade sand.
Given the 50% drop in the PPS... which would YOU bet on?
Heat up the tar, gather the feathers, let's find Rich and ask him.
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