Joseph,

I agree. If the major institutional holders felt that something had changed for the worse, you would see a lot more than 167,000 shares trade hands today. This is why I believe we're in for a slow bleed until either a) gold takes off again, or b) more significant positive news is released.

Clearly it is quick-profit money that is selling. Such is usually wrong, so I wouldn't be comfortable selling and trying to buy back in before the PEA. These juniors do not follow a linear A--B--C path to success; anyone expecting that is invested in the wrong place. As we saw from 65 cents to $1.80 a few months ago, these things can take off when we least expect.

Hysteria