RE: RE: warrants and options What i find a very interesting explanation, is the options/warrants thing:
Someone who wants to excercise them just could have sold today to free up the cash for excercising:
The warrants from Oct. 29th at 1,25 are a gift with todays news. So today he/they sell above 1,33 and buy shares at 1,25. Makes a nice arbitrage profit and it is almost guaranteed, that SP will go much higher.
The difference between 1,33 and 1,25 makes a nice 6% profit additionally to the good news and the much better perspective of GCU now. Who of us would not take the additional profit, if we don't have the money to increase our holdings but we have warrants/options to excercise?
Ofcourse the profit for the seller could have been bigger with slow selling - but what if additionally a "good friend" was keen on buying these shares after the good news at discounted prices? Then the seller needs to overwhelm the bids to keep the price down otherwise the maket would absorb the shares without going down. And this is what happened: a dump to overwhelm the bids.
A short attack seems not likely to me at prices of 35$/Oz Au indicated in one of Canadas biggest deposits.
Maybe insider filings in a few days will show us who was the seller? I wouldn't be surprised if Inwentash was buying today. He always supported them and that's a very effective way to say: Thank You!