The amounts spent developing and progressing those assets generates additional value to the project. Given the linked buyout, how much do you think Eagle Downs is worth? Washpool?
The market is simply reacting to the reality that there is a credit crunch in pockets of the banking system. Still can't buy into AQA through Macquarie bank... ergo they still need to reduce risk exposure.
AQA Price at posting:
$1.97 Sentiment: Buy Disclosure: Held