My guess is some more skeletons will be revealed on ThursdayIMO it's criminal how the old management rewarded themselves handsomely while masking significant problems made worse by neglect. To think that Cliff Davis was recently the 65th highest paid Canadian CEO. Disgusting!!!
I thought last quarter had enough skeletons revealed with the Bisha reverses being shrunk, $24 million needed to replace old earth movers (an example of neglect imo), etc. I doubt today's sell-off was without reason. Some people with influence likely know something. I expect a big write-off, significant problems at Bisha, or something else along the lines to justify an 8.5% drop on a daywhen the market shot up. Even the dog Teranga managed to only go down around 2% today.
I still have reason to believe in the new CEO. He is probably still trying to grasp the full magnitude of the mess and neglect he inherited.