RE: Major setback?I can't say, but it isn't reassuring that almost 800,000 shares traded today with a float around 21 million in a low volume market week. Trading is very thin on almost everything. I imagine some stop-losses are kicking in as well. The share structure is tightly held, so I wonder who is doing this volume selling. Management has about 10%, Rick Rule Family Trust another 10%, Kinross about 6%, a few other institutions a large stake.
If the volume was in the 100-200K area, I wouldn't think that much about it. Doesn't take much volume to move these juniors, but we could end the day with almost 1 million shares of this baby moving.