S/P Drop ... My take ...IMO there are a number of reasons for the s/p drop, including:
1. foremost - the market;
2. we have not received any concrete news yet
Every thing going with NAG is all speculation. The market has virtually erased speculation out of the s/p. Fear has taken over. With respect to permits, we have none. Strong spec that we will get them but the delay keeps pushing s/p down.
The new Appalachia deal ... its just a letter of intent. It may or may not go through. Still speculation.
IMO, NAG will be a winner - give it some time.
P.S. - The third reason NAG s/p is down is because the market can't understand where RC is with NAG - The market is baffled!!! ROFLMAO.