I think UC has round 2 planned for this stock. It most likely would have run higher initially if their Canadian partners had not been forced to disclose the actual drill results. My guess is they moved the drill to a location which is not joint venture land, or only American partners to avoid the problem. I don't necessarily think UC will find diamonds, but he seems a pretty good promoter.
I bought because I think it will go up. I also think it will come right back down in enough time.