It has lost support in the market because China is yet to hand over the funds for the 6% buy in the subsidary company. Its not a case of the Chinese buyer having a problem having the money, its the chinese government as they must process all funds going out of the country which is taking time due to the change in government.
There will be no buyers until the cash flow problem is addressed (which is only a short term thing). Gold is being pulled out of the ground, they will be cash flow positive in the coming months. However because they announced they will be installing CIL Circuit, this is the reason they are left in a tight spot.
After this is addressed the stock will have no need for cash. The storey hasnt changed, this will be a great stock, just give it a chance.
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