I think that if you look at the daily chart the SP was hovering around the 35c-39c mark for about 6 weeks while people waited to hear about the award of Eyasi, which would have propelled us into the 40's imo. I think that people were getting tired of waiting and that even if there was no news the SP would have undergone a temporary correction anyway. Therefore people were either expecting positive news or no news. No news would have meant a drop -the fact that we received something no one really saw coming (ie - probably no Eyasi at all) is why we have had such a large correction. I believe people will soon realise that we have several other actual licenses (not probable like Eyasi) and that the company is still in a great position. Ask yourself this - would you have bought into SWE if you had never heard of Eyasi. I say yes and I still say there will be a $2 party, albeit with a few less long-termers as many have shown their weak hands and sold into bad news.
SWE Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held