Something funky going on when I try to post replies, so I will start a new thread.
The "why is my stock tanking" style of question is perhaps not the best way to portray your concerns. As Snug has pointed out, you are not the only one who is in the red. I am personally down about $18K on SPQ alone now, having bought many shares when it was still above $0.13.
However, you are only out that money if you sell your shares, and Snug and I are both on the same page there - they can have my shares when a major buys them.
Exploration companies are a speculation play. They may make you rich, or you may lose your investment. It is up to the individual investor to perform their own due diligence and decide if the risk is tolerable. Judging only from the comment left by you, I would say that this stock may have been too risky for your comfort level.
However, I would like to offer my opinion and say that if you continue to be patient, you will see this stock rebound. If you read through the posts from last week, you will see that we are waiting for assay reports that will be released in the near future.
Keep the faith, this is a temporary set back.