why has gdy tanked?, page-13

Ouch, not sure what cash levels are like today, but company almost valued at cash in bank based on last figure I saw. So NPV of remaining operations, all past research and future potential, of nil. Never thought would dip this low, surely priced for failure - treating a market leader as a startup speccie, doesn't bode well for smaller players.

Long term prospects are as good as they were two months ago, yet the price halved from mid 60's. Price movement seems dominated by sentiment. There's the GFC2 concerns, but we've been through them before and it didn't hammer the price like this.