Here's the real story The stock is falling because of a well-timed short game engineered by ron stewart of Dundee - he put out a very poorly done 'hatchet piece' yesterday, which, of course, he never bothered to show to, and get a reply from, Pretium. Nor has he ever visited the site, etc. etc.
They got the timing right as with the warrants expiring April 7th, they are making a bundle on their shorts. This comes from some 'bad blood' when they were shut out of the deal last year.
The warrants expire at $12.50, so we'll see what happens, and it could go there, but this is just a sleazy play by ron stewart, who, as I've heard, has done sleazy plays many times before, so you can count on the stock returning to it's prior level as soon as any suckers are sheared.
Also, yes, I was referring to the public deal, but that's correct, of course about the private.