Hi Sinbob,
Someone posted (maybe you) an excellent Bloomberg article where an AEM executive stated juniors face bankruptcy as cash and credit tightens. He went on to say he expects another "leg down" for junior shares. What does he know that the rest of us do not?
As if the recent several legs down have not been sufficient? There simply is not much room left for another leg down.
I have been questioning why there hasn't really been more publicized discussion of majors seeking juniors considering these fire sale prices.
I don't think you are paranoid at all. I would classify it as justifiably cynical.