A lot of people in for the short term killing that was meant to occur after the annoucement , but the instos never came back in , too many conditions. Now all the short termers are off loading in a big way.
Everyone knew the extension was coming so that in itself was built in the SP , no one knew about all the conditions so that's whats taken it down.
They need to sell assets and reduce debt if we want to see a share price recovery.