Did you actually read this announcement?
I think WWI's hand was forced by having to report the appeal on their prospecting rights.
I think the sell-off today relates to:
1. The belief a CR will be needed before they announce finance. Finance may be contingent upon an updated DFS to be released in July. So will WWI have the funds to see this through. The June Q is due to be released by end of July.
My thoughts: Possible CR before hand.
and/or
2. The appeal against the prospecting rights
My thoughts: An over-reaction by those who think this appeal will delay the project or funding. It will not. The prospecting right can only add to the resource; not detract from it.
Ann: Witwatersrand Basin Project Update, page-25
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