I picked this up second hand from someone who got it second hand as well. You probably knew this before I did. Apparently BMO dropped their european allotment of shares from this financing. Why?

Is 24 hours enough time to gauge whether there is enough interest to sell those extra 12 million shares that got chopped?

My sunshine and lollipops scenario is that a big gold company saw the financing , called up Dale and said WTF we were interested in taking a piece of your company. So we see further dilution, say another 20 million shares @ a $4. But then why are they p!$$ing around with the greenshoe option? Only to placate their banker friends?

Now back in the real world. There probably was just not enough interest as the present over allotment was not filled. Doesn't hurt to dream, doesn't help either.