RecommendationManagement had strongly telegraphed that it believed it could complete a monetization of Brio Gold in a timely manner in order to reduce its debt levels. Without the successful sale, we expect debt levels to remain high relative to the group (2016E net debt/EBITDA is 2.5x vs group avg ~1.6x at $1,100/oz gold price). We expect the shares to be weak tomorrow on the news of the suspension.
I like the understatement in that last sentence. It's a bit like "We expect the next Pope to be a Catholic".