Well it is AUGUST which is typically bad for juniors as nobody is paying attention.

Add the fact that every talking head and newsletter had been touting dividend paying stocks (for good reason)

And, Gold shares and for that matter any mining shares have not had a very good past 12 months in general.

Plus as we were expecting a full feasibility study which woudl jump start the magino deposit in early 2013, we now learn we are only getting a pre feasibility study which is really just a glorified PEA, it's not bankable and PDg will not be financing a mine until some time later.

Is the market really irrational?