Scare Tactic: Past two days price drop - basically what's happening here is that those that want to accumulate cheap shares is using PDAC as a way to legitimate event to put a scare into weak hands in an effort to get more shares before the resource report comes out.
It's no coincidence that this drop started during PDAC (the idea being to get those that don't attend PDAC to assume something bad was said at PDAC and causing the drop - this drop causes weak hands to panic and sell, compounding the selling). Those behind this strategy will then pick up those shares cheap (below $1.20 like today) as they know the resource report will be a huge catalyst for the stock (remember this company is fully cashed up at much higher prices and gold discovery has been excellent so far, therefore there is no reason for the stock to go down. Those that wanted a larger position before resource report comes out know that they had to use PDAC as a legitimate way of sending fear to weak hands and pick up shares on the cheap before the resource report comes out - PDAC was basically their last shot at sending some fear into weak hands before the report comes out.