Just when I thought my day couldn't get much worse... this news...
I do think the SP halving from this is a bit overkill, however it does seem to play right into their (read: someone's) hands. If the SP shrinks, the shares get diluted even more when the CR happens, shareholders start bailing and then some big player gets to buy the lot for peanuts.
f*. Should have sold this dog weeks ago... now I'm stuck debating whether to bottom drawer it or cut my losses. The annoying thing is that they are sitting on a really nice resource which a competent company would turn into a very nice profit, I'm sure. Whether this company can do the same, I really have no idea...
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