RE:Glad I bailed out just in time That's not a concern to me. Rarely, if ever, when a company reports holes do they all hit. Inevitably there's only one or two highlighted for that reason. It's all part of outlining a deposit's structure. Learn from it, plot the new holes (a little tighter) in some cases and drill some more.
I think the regression in sp is more related to insider(s) taking the opportunity to sell into news. With such a low float (under 50 million) and tight structure (about 20% insider holdings I believe), volatility is to be expected...especially if someone wants to liquidate some holdings.
I'm prepared to hold and see how the program progresses.