That's something that hasn't been mentioned enough, jal. If the warrants got called, the warrant holders could be playing the 50/50 strategy, selling half their shares and keeping the rest as free floating, free shares. That's bound to create downward pressure on the SP. We don't know if the warrants have been called or not (You hear that Ric ... you haven't won yet!), so it's anyone's guess what's causing this.
It certainly wasn't bullish gold trends that pushed us from $1 even only a few days ago to $1.30+ yesterday (seriously, did anyone notice we were up 30%+ in only a few days?). We can probably rule out insider info as well. My guess is a short squeeze combined with a speculative bubble that pushed us to $1.30+, followed by exercise and sale of the $0.65 warrants to push us down.
Only management knows what's on the Q2, imo.
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