Those saying DML was headed to $1Those saying DML was headed to $1 commonly talked about the fall below the PP price as evidence that the share offering was going to collapse. They said the lack of support showed that the buyers of the PP were backing out. The reasoning went along the lines of "if I can buy on the open market for $1.90 then why buy a PP for $2.05. I can't remember which poster here pointed out that while a person can buy on the open market for below $2.05 an institution cannot buy millions of shares for that price without driving up the share price. Today was evidence of just how true a statement that was. They let the shares fall for a couple days then managed to grab a few million shares at below PP prices. Is the PP going to close. Almost surely. Will the stock climb after it closes. If price of uranium holds then absolutely it will. Today showed just how much these larger investors like DML. Management screwed up last year when they didn't raise some cash when times were good. This year though they have done extremely well in a tough position of high debt and low cash. DML has sold off more than many stocks and has had some significant dillution but is no longer at risk of going bankrupt and is extremely undervalued. When it was below $1 investors expected the worst. Given it's present position selling shares below $3 is just not a good decision.