Sell Off No question the sell off was directly related to the YESAB comments on the 24th and their extension of the deadline to 8-31-2012. The comments I then read were dated 8-31-2012 and then evidently deleted. The comment that sticks in my mind is they were most concerned about water, stating that Mayo Lake would be drained for use in the operation. It must have been a draft that someone posted. They were on the correct form and seemed moderately negative but that is probably reasonable at this stage which is not the final decision. We should see the final comments tomorrow or Monday and then things should get interesting.
No question in my mind that this four day dump (7 million shares) was the result of yesab. If we were to new see something less negative come from them over the next few days we could reverse sharply.
The fact that Harper is hot to develop the Yukon and was recently quoted about propects there is positive.