How has the business case turned? MOU is still going, everyone knows this is a long term project, They still hold the same valuable land for green energy production, they ticked off the required scoping study and working towards the feasibility study. We are soon to find out whether TE are signing on. Provaris Energy are close to releasing export feasability study.
The only thing that has turned is the market going bearish on all small caps. When you hold a small cap surely you are aware of the volatile nature these companny's SP can go through. But if the fundamentals haven't changed, how does your conviction on the future of the business change? As has been mentioned. the sell off is simply due to market conditions and panic selling.
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