the reality of this deal is that gold pricesmove around and all gold stock move almost more than the price of the metal. Whether you like it or not this stock has a huge share overhang and warrant over hang until 08 @ .36 ( my number might be wrong but the scenario is the same). My understanding is that the warrants and stock is not free until August 06. One would have to assume that mm are driving this paper lower because they can cover will the restrict stock or have the ability to cover with the warrants. It really has little to do with the company's business model! We have a 11 million share overhang ( includes warrants) that must absorbed by the market place either mentally or by buying and selling! I like the deal and see the possibilities but until the gold is poured and greater proof exists about the reserve--this is just a speculation ( a good one , but still a speculation) . I would not doubt that this stock was place in some institutional accounts and they are shorting the issue. Canada's security law may
increase the naked shorting or holders of the pp can easily short the stock because they can alwaY cover with the warrants. Management is to blame for a poorly structured deal!