White noise
The stock is down because it's a stock that can be driven down. There's a reason that people like us are called "dumb money", we're easy to panic and tend to follow the herd. I've fallen into this trap myself, "Oh shoot, there's a sell off I'd better get out too". That was my one major loss in the markets. That stock went right back up the next day.
There are lots of people out there that make thier money simply by helping a stock go down.
I'm in this company because the state government, which is who will have the final say, is very much in need of this project. The fact that we're not dealing with virgin rain forest. And because it has a CEO that's personally very much invested in the company. It's a rare thing indeed these days to have a CEO that gives a darn about a company long term.
Barring a blip here and there based guess work and hunches we won't see much of anything until at least the 3rd quarter. Then......I suspect we'll be rocking and rolling.
In my humble opinion.