the sky didn't fallthe results are largely in line with expectations IMO. there is clarity going forward and improvement on all fronts. Macrea production is up and cost will be lowered in Q4. Waihi on track. Martha fully permitted on track to start production Q2 2021. Didipio - still expect restart in 2020 (you know something is going on). Will see tax benefit for 2020 taxation year on impairment charge. Haile is the biggest uncertainty due to COVID but that seems to be under control. We are in dry season now. Balance sheet is strong with the recent deal 200M operating cash flow. I think management has finally get their acts together and start to turn this around.
Most importantly, 2020 guildance still holds. Honestly I think the markets expected the sky to fall but things are coming around instead.