ANALYST VIEWS | HOW BIG A BLOW IN THE LONG TERM ARE THE PROBLEMS AT MALTBY?
PETER ASHWORTH CHARLES STANLEY
The group has issued a trading update regarding an unexpected and unprecedented geological conditions. It acknowledges the impact of this development but believes in the long term viability and profitability of the mine and is working to mitigate the results of this occurrence.
JUSTIN JORDAN JEFFERIES HOARE GOVETT
This is obviously a blow to the company. However it is very well run and in the medium and long term things will get back on track. It was a geological problem and very unfortunate, but any problem like this is going to hit the stock.
PAUL JONES PANMURE GORDON
While this kind of incident is rare at Maltby (and Hargreaves, surely one of the only companies disappointed to find oil….), it does little to dispel medium term concerns that issues out of its control may always affect the share price and profitability of the company.