To those who have been following the GOR story; I am baffled by...

To those who have been following the GOR story; I am baffled by the sudden and dramatic SP fall.
1) Is there something wrong with the Company or its management?
I personally don't think these are the contributing factors.
- GOR has recently had an oversubscribed SPP where it took in $7M; and
- I have not seen any adverse company announcements.
2) Are the external Factors dragging the SP down?
- There has been a significant drop in the spot price for Au - Maybe a minor factor;
- Removal of GOR from the S&P All Ordinaries Index last month - Another minor factor;
- Other causes that I am not aware off eg Adverse reports from financial advisors; unresolved land claim issues; litigation issues; or a million other adverse possibilities.
I'm reasonably new to the shareholders list of GOR, and hope to find out if I had missed something that I shouldn't have before I became a shareholder. Thanks for any comments.