RE:Bear CaseI don't think anything nefarious is going on here. The large insiders are content to maintain their positions (purchased at ever lower prices as the shares sank during the last decade). Many retail investors (such as myself) are also content with what we have acquired. The dust has settled, we have bottomed out, there is no selling pressures. The stock could sit like this for awhile, but the general uptick in nickel and the PGMs will continue to put pressure to the upside.
What will really move the stock at the margins (and all current reflected share prices are for shares purchsed at the margin) is an influx of new buyers. Maybe a Sprott (the individual, not his corporate arm) gets involved - this happened with SPA and the sleepy little 10 cent shares jumped six fold within a month once Sprott took a stake.
Maybe we break $50 silver and $2,500 gold and $3,000 palladium and $2,000 platinum and everybody and their dog starts piling into anything and everything associated with the precious metals ala what happend in early 2011.
We're a coiled spring, just waiting for a trigger.......