RE: One thing I don't understandI think recent selling was directly related to the exercise of EPL warrants. EPL had flow-thru financings last year that came with 30 cent warrants, the last of which are due to expire sometime in June. This January the SP was above 70 and it was prudent for warrant holders to sell some shares and buy them back at 30 cents. I did.
This put pressure on the stock, brought it down to under 30 cents (see EPL's one year chart on Stockwatch). However by June when the Iron Range program is doing its thing, the Yukon gold projects are in full flight and Yellowjacket ramps up the stock will probably resume its upward path to a buck or more. Right now is truly a buying opportunity at near the 30 cent level IMHO.
I also suspect that it makes sense for Yellowjacket to be spun off like CPY was, with a nice gold producing dividend will accrue to us shareholders.