Fast Money Buyers FrozenIn the past, the price often rose during drilling. However, on Bowmore, Pat Boswell has effectively frozen out the fast money buyers when he announced he might sell 50% or 100% of the play. They won't buy into IFR until they know for sure Pat is going to play in the Bowmore gamble. They do not want to buy in only to find out they have to wait until next winter if Boswell redeploys the Bowmore money to the NWT. Pat has turned Bowmore into a basketball game. The action will all happen in the last minute of play. The time between him announcing whether he is playing and the time the rumours start flying about drill success.
However, you could also argue this is not a significant effect. Stratic Energy (SE on the TSX Venture exchange) is also part of Bowmore and their stock is up a little but not a lot in the last couple of months.