I was a buyer on FridayI had pared back significantly in the last few months mainly because of price action and nervousness about the pending Q4 production report (which proved to be a good move).
This sell off looks to me to be the ultimate capitulation I was looking for, and so on Friday, I was a buyer.
For me, it is a belief that their problems are all temporary, the grade is there, and they can cash flow this, suplimented by their credit without a major dilution.
Perhaps it is a leap of faith, and perhaps the management should not be trusted, but so far, I am willing to accept their explanations of what went wrong. That means to me that they will have a slower year, followed by a return to plan. If I am right, this is a good entry price.