RE: Is this the reason for the big trading volumesMost informative. I didn't realize there were that many warrants out there.
What is equally surpising is that the insiders were selling at 20. I thought we were the stupid ones. If they knew they were going to be releasing news they thought the outsiders would choke on, and we were to believe the conspiracy theorists that flount their specious insight, as to how were getting screwed, then wouldn't they be selling into 60 cents with Hedgy, then dropping the bomb. They were too busy screwing themselves. Isn't it the greed for more money that clods their perception? They see something bigger I presume.
So if there are 56% more shares...that makes more sense as to why the selling pressure was unrelenting. All the info this last day can easily justify that this is going up from here. My math calculations tell me this should be about 46 cents now instead of 70. By the end of the month we will see 70 or better.
We will find out how true that is next week. I the mean time, whoever said that there's 1-2 million ozs, has more insight than we know...as they know there is something is coming down the line that would inhibit insiders from blowing out at 60...tomorrow's SEDAR should verify that. Divide your 200 mil by 80...$2.50 per share
There's more to come.