The issue here is that the resource is only modest and too many...

The issue here is that the resource is only modest and too many risks when it comes to the next stages of development. Not to mention the credibility factor with the management.
The poor show today was very much expected given the delays and the history. When this was mentioned a few weeks ago, many of the TS fan base didn't like it.
What happens from here_ I think the share price will settle down to around 20_25c in the next few days or weeks