I respectfully disagree with Walter, Scott was clear about a 9 month timeline for the drilling and feasibility study level engineering exim wants to see. Plus, a month has passed since then without any money raised to begin the process.
As far as the stock going back up, I believe it all depends on the next capital raise. If it's an actual investment from an institution (or that EMP loan through exim) and enough for the company to finish its work without interruption, I think the price would rebound somewhat. If we see another private placement to make the next $1.4 million payment in September, I think it could fall further.
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