ntpc decides not to submit bid for bandanna en, page-9

Right on the money ASF. The share price has been jacked up by people who are hoping for a buy out and therefore a quick profit. Now the chances of a buyout are reduced they are jumping ship to go somewhere else. There's probably also some technical traders who have been bumped out and are now fulfilling their own prophecy that the share price is going to go down.

At the end of the day we still own bits of a viable company with large proven resources that can go forward on its own and develop the mines. The profit takes longer but is better. A company with active mines is worth a lot more than a company that has the rights to tenements.

Hopefully they sell one or to tenements or JV IOT prevent a SPP or expensive funding arrangement that can then finance bringing the other tenements into production.