possible reason for downtrendRumor mill is saying that Canaco was in the running to acquire 4 properties surrounding their property owned by a Mr. Mengi. Instead the properties went to Douglas Lake Minerals(DLKM) They've supposedly done some pre-drilling with excellent results(all grapevine talk) but it is a monster of a property. Douglas's press release actually mentions Canaco as a primary reason that they picked up these properties. I think people in the know may be unloading some shares since Canaco couldn't pick these up Check out DLKM on these boards, read the pr and dyodd. By the way Douglas is trading for a paltry 35 cents and have a partnership with Ruby Creek who is very close to production.
Goldie