why?

why has there been such a strong selldown.Apart from no direct hit at Bingara,things still look ok.
We have action on a number of fronts with India still looking ok according to the company news.Infact not much has changed in the last 6 months yet the sellers have come out of the woodwork.It looks like a big holder(or a few) have had enough and want out.These sellers are probably done with watching the market lift while cfr stalls and the freebies to employees has probably been the last straw.I imagine a certain past director has/is offloading as well,though I dont think he held 55m shares.
With plenty of cash and a slow burndown,the company has time on their side.The current share price is low and the stock could easily become a good buying opportunity with good news from Bingara