1 of 3 things?, page-8

Its all about creditability
If you believe that the company will get a quality farm-in partner then you can either hold or trade (gamble) until you believe the announcement is due
If you do not believe you can trade and walk at any time.
When the company's creditability slips many people will walk, there are to many examples of corporate promises that were either misleading, incorrect and in some cases a lot worse, look at CUO, GDN, WCU to name but a few.
This company announced that the farm-in was to be Sept, then Oct, and as time passes the reliability of their announcement diminishes.
It is quite possible that a more complex agreement is being negoiatiated, which takes time, but with no undates etc this stock will continue to decline.
I hold, i have traded since entering (33c) some time ago and believe that an agrement will eventuate and we will be rewarded, but in the meantime patience is the key and that is difficult if you purchased in the 60/70's