Bought deal shares Probable reason for drop is that 35m shares issued at $1.40 via the bought deal financing came available for free-trading as of the 11th. Pennyminingstock site tracks this and shows the following
| BSX.TO | Belo Sun Mining Corp. | Free Trading Shares | 35,720,000 | 1.40 | no | no | 02/11/2013 |
Whoever sold the big block today probably got a boatload of stocks via the bd and was looking to make a quick profit since they might in fact have managed to get them as low as $1.33 (minimum allowable under the prospectus offering). Pressure should come off once the panic-sellers that don't know reason for the drop are gone.