bottom or sliding to junk status

Still holding this stock and really wonder why. The price just keeps dropping and dropping. Anyone here have good take on this company? Any hope for the future or is time to give up with a massive loss before we see 10 cents then 5 cents then 1 etc... We are so far from the institutional and sophisticated investor placement price. What has changed? What is so fundamentally wrong? Yes markets are volatile and there is the carbon tax and mining resource tax and rising unemployment and global debt and a labour government and ... Mmmm maybe there isn no hope!