"what has changed since then justified the price more than halving??"
Almost all U specs have been punished since then and everything here was hinging on an upgrade of Molyhill, until hopefully a bit of U flavour came back to the spec sector.
No upgrade, but in fact overall lower grades + more dodgy wording by director = today's action (and the 'shorting' theory is just absurd).
Saying that I'm expecting a bounce either way.
