Stock price action I am speculating here that something is brewing in the background, while the shorts and other weak hands are selling the stock due to technicals. Something tells me these shorts are going to get smoked.
The company was extremely excited at PDAC, with NR to be released shortly thereafter to update everyone about their drill plans and deep 3D IP, since the staking was completed.
But, instead we get nothing but silence. The company is not even trying to take advantage of the significant strength in the price of Copper and Silver to release their NR into. In combination with the huge interest from people in the industry at PDAC that i witnessed, I am going to speculate that BIG is busy working on a PP or something of a partnership with another major or fund or something similar. This silence is just deafening.
If a PP is in the making and since they already have plenty of money in the bank, then the price will need to be at a significant premium, and very likely above Barrick's price.
Time will tell, but every junior under the sun is trying to take advantage of the Silver price's momentum and release something, but paradoxically we get complete silence from one of the most watched/followed juniors in this space, which to me does not add up.