Block out the noise. Different parties have different...

Block out the noise. Different parties have different objectives/reasons for holding, and all are valid.

Short termers looking for a runner today may be disappointed it didn't eventuate, however there are plenty of runners around so lots of other opportunities out there.

Longer termers looking to buy/add undervalued should be pretty happy though. Per @wombat777's table above, a peer comparison model comparing the defined resource pegs current price at a 46% discount (with plenty more holes still to be added, plus stakes in TNR and Snowlake too). Have to be pretty happy with that buying opportunity in a market where so many stocks are currently overpriced