The assumption we've been making (myself included) is that the share price is driven to a much larger extent than it probably is by the resource calculation. Also, that everyone is playing long.

If you look at POG over the last week, (zooming above $959.00) maybe people who bought this for leverage to the price of gold have been betting on a pullback and selling.

As for small lot selling... well, all it really means for certain is that someone with a large amount of a relatively illiquid stock wants to sell it without driving the value of their own invetment down.

There's a lot of reasons to be selling stock, and the company screwing up is only one of them.

MR