I'd say the broader market downturn, combined with a general...

I'd say the broader market downturn, combined with a general favouring away from CSG stocks recently, is partly responsible for the slump in SP, but mostly I would say it is due to lack of any substantial information from management about the progress at the Lydia pilot wells, as has been already mentioned here before.

This leaves investors (very rightly) feeling as if management are back to their usual slack antics and are either falling asleep at the wheel or aren't telling us the full story.

I realise some other CSG companies have been making positive flow announcements and they still have taken a hit, but ICN management aren't doing themselves any favours.