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onyx, I am not aware of anything specific to runge that is causing this decline in price. I think that it is most likely a reaction to the super profits tax. This has had a similar impact on other heavily mining focused consultancies listed on the ASX eg COF. This would have a negative impact on runge in Australia at least since the demand for their software and consulting services would be reduced assuming projects will in-fact be cancelled. That said, they do operate outside Australia and i would guess that were more mining projects to go ahead outside Australia as a result of the RSPT then they would get some of the software/consulting work. One other issue that i have yet to really investigate fully is that some of the software that runge produces (talpac in particular) are facing increasing competition from new software. I dont think this is the reason for the share price fall though and i dont know how much profit they derive from individual programs. Runge are still advertising for engineers and they didnt reduce their workforce during the downturn as far as i know. If the company thought that revenue was going to be lower indefinitely then they would have scope to reduce headcount and thus a large chunk of cost. All up i think the fundamentals of the company look good. the PE, FCF yield, P/EV, div yield all look good, they have no net debt and directors have recently been buying. good time to buy imho.