RE: Trading Pattern.The ability to do a private placement at
.50 which was at market price suggests that the goods are definitely there, if the goods where not that defined the private placement would of been priced way below market or not done at all. Secondly, both BUK and PXM are putting all their efforts and resources into the Idaho project. A lot risk for one project or they know something we don't. Mackie research upping their target from
.70 to $1.05 must also know something. With the private placements closing so quickly also suggests a lot of 'confidence'. Also, with the run the share price had, buyers will wait to buy as they know that there will 'sellers' after that run and especially when the market in general sold off. The share price needs to consolidate before it can make it's next run and those selling today well they lose and those who stay the course win. The real question is, do they have the goods and the private placement says they do. With early production, the cashflow should be enough to do all the required development drilling since the costs to drill is quite cheap. They have a winner here and investors will also be winners.
JMHO