It was clear before the Cinovec PFS announcement that L-Max was...

It was clear before the Cinovec PFS announcement that L-Max was not going to be the chosen process route. So no, ditching LPD was not the catalyst for the sp drop. The drop came because of disappointment around the PFS numbers - based on company announcements, investors were expecting a much better result.

The sp was looking positive (heading back towards $1) on release of the MOU with the Czech Govt. Since then there's been a whole bunch of negative press and commentary, largely associated with elections in Czech. Now investors are faced with completely unexpected potential sovereign risk issues. Until this is resolved by the company and Govt I expect the sp to continue sliding.