Pacific Ridge Exploration Ltd V.PEX

Trading since Jan 9

[StrikeGold]

One has to wonder about the trading since the initial very positive reaction with volume on Jan 9 to 18 cents, and the lesser volume downturn since.   

Fundamentals to me look excellent with high value targets on multiple properties, with RDP in particular being fully funded by a cash rich JV partner with high interest in the project.  This is quite different than if it were a JV partner who always struggles to raise cash.  

Would those planning to participate in the next round of funding want to lower the price, and is that what is happening?   

Also, it seems that I read that one or more exploration stock funds invest in PEX??  While not sure about that, if true I have also wondered if that would be good or bad, since fund redemptions might be more or less indiscriminate if fund holders want to withdrawl? 

Any thoughts from anyone on either of the above?

[StrikeGold]

Question about finanicing anwsered.  Terrible market conditions across the entire junior exploration landscape as al my other stocks attest to.  There was no question that financing would be done with Pac Ridge, but only what the price would be.  Perhaps another raise when market conditions improve to allow additional drilling.  Bright side is the great entry point, ability