The issue today was that Bank National, as has been the case for the last few days was selling at any cost. They must of pulled the trigger on someone's margin and he could not pay up. How else do you explain an iceberg bid at $1.00 for most of the day when we have seen strong resistance at $1.00 and generally a good bounce off these lows. I believe that this account is now closed and we should see some movement upwards again starting tomorrow.
In any case, our company is not going away. With 8 drills going hard, we are bound to get some news at some point and our burn rate means we can go almost 2 years if we have to stretch it out that long...
Glorieux