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think the market is afraid holdings will be diluted out of existence with the possible needc to raise more capital to get the new mines off the ground. The rover thing will take yonks to build. The WA one will be a lot quicker as it is a recycle. Its happened to me before and you dont forget it in a hurry. If a raider is trying to squeeze the punters out they short it hard and then get alot more stock at below market prices to come up with some development capital. A common scam. This in turn trashes the price. MLX has over a billion shares issued so they have form. But when the price is not much above cash backing per share and Renison, Wingellina Rover and Murchison are in for virtually free you have to wonder how straight the management is. I can see they are in a fairly secure position with Renison being such a winner, so its a bit of an each way bet. They say they are not going to dilute any further. With gold and nickel prices down ATM there isnt such a rush. My bet is they will open up the easiest bits of Murchison first to get the cash flowing and build up bit by bit. Gold will rise again soon and the money will flow in- this could fund a good share of Rover, and Renison will throw off cash as well. Not too bad at current prices.