Ann: Lockyer Deep-1 Operational Update, page-52

Hey guys,

Just got a few questions, and am trying to make sense of the significant price drop on the last announcement.

The announcement seemed to only indicate a delay of around 2 or so months. Within this time is there a good chance of the delay being extended?

After reading the announcements and HC posts it has been stated the discovery will be "transformational" and having been valued significantly high, I struggle to see why this delay has had such an impact. I interpret it as the gas IS there, and we are looking at around a minimum of 5 cents per share. (please correct me if I'm wrong)
However, I have read a good few posts which seem to imply it is time to get out?!?! I understand some people may have different trading strategy's etc, but I struggle to see the downside.
Posters like Godsbroker (and a few more) seem to tell everyone to sell, however lack proper reasoning on why. This could be my lack of understanding, or they may simply be downramping. Either way it is EXTREMELY confusing, and frustrating, trying to filter out the dribble from the facts.

If anyone would be able to help my understanding, it would be much appreciated.

Cheers, CS

PS. please correct me if I mentioned anything wrong above.