bargains

I don't understand the selling at these levels with the possible upsidejust around the corner. The market has reacted to WS in a very conservative way. Surely there is value, beyond 48.5 cents to be realised not only in what is proven now in WS, but also in the say 30% success of Wardie.
In my book this is grossly undervalued, and people have an opportunity to pick up some nice bargains on the back of a well managed and so far promising company.

If anyone can explain the downside so as to correct me i am happy to hear it. At the moment i will accumulate and hold for greener pastures!