This is amateur hour hereMan, a lot of people here are terrible at understanding how gold exploreres work.
Case in point....before the last news, the stock had a big runup, almost 40% in a week.....many on this board took that as a good sign, as the news must be great, right? How can you go wrong?
Well, if anyone remembers my posts from back then, I was loudly warning everyone that diaster was looming....why? ....because the huge price increase on news expectations suggested to me only that huge amounts of spec were built into the stock. That is NEVER good, and basically means that anything less then a grand slam is going to plummet the stock......which is of course what ahppened....news wasn't bad, but it certainly wasn't a grand slam....and look what happened to the shareprice.
Now, we have (probably the same) people being worried because the stock isn't going up before the news.....guys, that means right now is a buying oppourtunity.....it's a very, very amateur move to buy into a stock because it's going up on anticipation of news.....if this was going up, that would be the time to run for your life.
The fact that it is either stagnant or going down just before news is a good thing. It implies that there is almost no spec built into this right now. That severely limits the risk, and magnifies the potential return, for the exact same reason as before, except the opposite.
Because there is no spec built, poor results will probably not drop the stock too much at all....after all, the market cap is already as low as $5 million, and they HAVE had enough reults already to easily justify that market cap. So the downside should be seriously limited, however if they hit good or better holes, because there is nobody "expecting" fantastic holes, then this thing has all kinds of room to run, 50% or more.
Oh and another thing, quit trying to figure out waht's going on by watching the house positions....TD, Scotia, RBC, and all the others are just brokers. If Scotia or anybody else is buying or selling it simply means that whoever sold those shares is using them as a broker. Nothing more or less. You may as well be reading tea leaves.