Marvick,IMO what you are seeing is those people that were...

Marvick,

IMO what you are seeing is those people that were expecting a more substantial Takeoff announcement, i.e. a cash injection from an offtaker, selling up and moving on.

I think in todays market, the investor is looking for figures that add value to the share price. Prior to the GFC this type of announcement would mean a rerating but the risk averse investor of 2012 actually wants to see an end product with cash changing hands. It is then that the risk averse investor will put his hard earned into a company such as ours.

Although a great announcement, it wasn't enough for the short term investor who would have been hoping for some figures. For those of us who are longer term, we know the fundamentals are there and it is only a matter of time before the incoming revenue begins, it is then that you will want to hang on for the ride.

Banksy