RE: Reduced guidance"This type of statement is something they would have had to publically disclose."
No.
They haven't canceled Tom's Gully, they've simply deferred it until 2011 and that's important information for shareholders since it will impact the company's financials. That's in the NR. Subsequently, the IR simply gave some additional background details on the issue. It's background filler type information, not of material disclosure importance by itself. Whether it makes management look good or bad is simply one's opinion.