Waiting for the market to digest the bad production number
Even though the bad Q1 production number is known to the market, it may still do a slight dip when being announced unless there is some positive surprise. The analysts definitely were unhappy with the arrogant response from the management. They don't realize the market is their boss, and you don't talk to your boss in such a way. The CC should be a place for selling business plans, very much like a budget planning meeting in a large corporation and the best business plan presenters get the money for executing their proposals. Yet, Largo was the presenter and the market was their boss listening to their business plans. No convincing plans substantiated with numbers, no money.