Something is fundamentally wrong here. The SP keeps tanking, day...

Something is fundamentally wrong here. The SP keeps tanking, day after day, when the company has basically said that in three weeks it will announce a major coking coal resource upgrade, which should, even by a conservative estimate of 50c a tonne give a market cap of around $400 million.
Yet what we have is something less than a 10th of that. I don't buy the rantings of an ANC youth league leader as the only reason for this.
Anybody care to hazard a guess as to the real reason. The appalling news flow may have some investors spooked