Some would say it was due to impatience from short term traders...

Some would say it was due to impatience from short term traders who bought on the Hype of the Torrens Drilling. Lack of news on this front has dimmed their enthusiasm so they have moved on. Others would say it is a result of the hot money leaving the stock market. 90% of spec stocks on my watchlists have fallen by similar margins over the same period. I believe both explanations have merrit. Personaly i think ARE is at levels that represent a good medium to long term buy, they will take time to prove up resources but i am confident they are siting on 3 maybe 4 world class mineral deposits. I was holding onto the stock when it ran from these levels to 70c in the blink of an eye and i am confident it will happen again.