RE:Don't worry folks the sky isn't falling....Regardless, this was not handled properly by the company IMO.
An announcement of this nature is made either after the market closes or before it opens, so everyone has the information.
Those who purchased stock this morning have every right to be upset.
Thats not a level playing field.
The London market now has the info before they open for trading.
10% drop in market cap is huge considering where Gold price is.
Not sure what the company thought was going to happen to the stok price releasing this info middle of trading day? Very odd.