I agree, it doesn't make sense if you're looking at it from the viewpoint that you are: You're expecting great news on Tuesday and it's crazy that anyone would be selling right now. (common trader sentiment you see on many stock boards)
The sell volume the past two weeks don't lie. Someone certainly has been selling the past two weeks and as you can see, the pps has been impacted by it. If no one was selling, this would have ramped up to a much higher pps. It's not the MMs doing this, it's a seller doing this and I'd wager it's the same seller who did the ~50M share dump.
This next news release is going to determine the outcome of this company for years. So what that they are a gold producing company, it's going to be determined by the recovery rate, they're saying .4g so they better hope they meet or beat that. Operating expenses are not cheap and they're not getting loans from anyone, so that gold recovery is their bread and butter.
If it's .2g again, everyone here then becomes a "long" and we see .01 range.
Better sell. ;)
\\//_