When LBE was over $4 :

- nickel prices were $25+

- general markets were booming, all markets growing

- all juniors sky rocketing

- China economy growing extremely fast

Now :

- nickel prices barely over $13

- credit issues, killing markets, maybe recession

- China's economy slowed a bit

People's confidence in LBE has dropped because of delays, financings.  Share price follows and maybesome institutions had to cover losses on their other investments.