RE: Non stop dumping For a stock with only 33 million shares issued and a broad shareholder base that supposedly does not have any institutional owners it is very strange behaviour.
My best guess it is some sort of algo trading system or a fund that is playing the short side of any penny stock with liquidity. In this market environment that is probably the best strategy for making money if you have the capital and trading (shorting) ability.
The only way to overcome this would be with more significant drill results that bring in enough buyers to overcome their selling. If the market could catch the fund short a couple million shares it could be an explosive rally which would be good for the longs as well as teaching the fund a bit of a lesson in the process.
Fortunately LAR has 10 (or more) holes waiting for assay results which could provide the spark we need.