I think that any objective observer would agree that a share price under $10 is seriously undervalued. I also think that we can assert that a free and open market is the best indicator of value. Right now we don't have a free and open market because there are gold majors who might want to have a say, who have not yet weighed in. If the price is purposely held down to - let's say - $5.00, that price can't possibly stay. A major comes in and says "okay, I'll give you a 50% premium and pay you $7.50/share." Don't you think another of the majors is gonna step in and say, "hmmm, I know the true value of this stock is $18-$20/share, tell you what, I'm willing to offer a 100% premium and give you $10/share..."

The big guys that everyone is afraid of know that the fair value of the company (taken into account the Venezuelan issues) will be approached - if so, what is their motivation to sell at $2.80 if its likely that the price will supersede $8.00? If they don't sell because they see the wisdom of holding - that leaves retail as the ones giving their shares away and leaving lots of money on the table... (again).

If anything - they should be buying massive amounts more if the price is $2.80 on permit announcement.