Ann: September 2016 Quarterly Activity Report and Appendix 5B-CXX.AX, page-44

Well, the quarterly was a "price sensitive" announcement alright - but I suspect the Board were expecting the share price to go upwards.

Instead it has dropped 15% (so far) since the announcement (1 week ago!) and 34% since its yearly high in May.

IMO, until the offtakes and financing are announced, I can see it dropping all the way back to 16c at least.

Although the ingredients of this cake hasn't changed (yet), it doesn't take much to scare people off.