Its an attempt to level the information field between buyers and sellers.

In addition to the 'bought' portion there are the broker warrants and overage allotments. If the news releases continued to flow they would have better information on whether or not to exercise these options in the private placement.

For example if its all bad news ( no sulphides, subsurface grades lower than surface grades etc) they don't take up the option and save themselves some dollars and keep some investors happy. If it was positive they would exercise their options to the maximum and make risk free money.

You would think that a $2.50+ stock price would make them go for it but there is still risk. If there was a very negative release the stock would drop like a rock and there would be no way to get out of a large position. Hence the info freeze until they commit and pay.

Everything I see still points to good things happening for CPQ. As far as nerves go you may want to rethink investing in juniors. There are not many plays that are as easy on the nerves as this one. Good management, a geological target that is easy to figure out, above average grades, a proven surface exposure, and good information flow. On most projects you operate in the dark and it takes a long time to figure out the geology and controls.

... Been There

... Been There