Maybe AirCanada lost our core ! Don't think we can rely on the greater fool theory and our friends in TO to make us all millions, we're going to need a few more decent holes before we can claim we've found the mother of all massive sulphide deposits.
25,000,000 in the money warrants @ .35 and another 39,000,000 shares being issued to Lorraine shareholders @.24 doesn't make for what I would call a super tight deal.
Doesn't matter how tight you think a deal is just when things are looking rosy some dykhead starts selling off a 1,000,000 share position and kills the mojo. Always seems to happen so being a little cautious instead of chasing this into the stratosphere is the better part of valour.
For those watching this closely it's not like a monster hole is going to go by you and it's suddenly going to gap up $10.
Never happens, never will, see Dykhead selling comment above.
Keep some powder dry and GLTA !