Question that would be helpful to answer: Who is exerting this downward pressure on SP

Carib provides a possible solution to us...as follows (Thanks!):

doc, this is apossible explanation:

VAL D'OR, QUEBEC–(Marketwire – Sept. 15, 2011) – Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) announces that it has closed a private placement financing of 12,540,500 units (the "Units") of the Company, at a price of $0.20 per Unit, for gross proceeds of $2,508,100. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable for one common share of the Company at $0.40 for 18 months from closing. With respect to this Unit private placement the Company paid cash commissions of $70,265 and issued 351,325 compensation options. The compensation options are exercisable for the purchase of Units of the Company for a period of 18 months following the closing date, at an exercise price equal to the Unit price.

The Company also announces that it has closed a private placement of 11,510,157 common shares of the Company issued on a "flow-through" basis at $0.23 per share for gross proceeds of $2,647,336. With respect to this flow-through share private placement the Company paid cash commissions of $156,312.

All of the securities issued under these private placements are subject to a four-month hold period.

The stock has been under pressure since mid-Janauary – right after the expiry of the 4 month hold period of these placements. When SY stopped buying, the sellers overwhelmed the buyers. The 20-cent shares can be sold all the way down to a WTG 50-cent share price.

WTG's total lack of promotion hasn't helped any. The Lamaque production update was badly handled and in fact, doesn't appear to be credible. On Feb 21 they announced that:

Average tonnes per day mined for the past week at 1286 tpd, with last 5 days

exceeding 1600 tpd

What that means is that for the first 2 days of the week they only mined 501 tpd. That's a big jump from 500 to 1600 in the same week. This after announcing that they had started long hole stoping 2 weeks earlier.

They should have waited another 2 weeks and provided a 2-week average.

SY may have had advance knowledge of the drill results and is probably baffled by the market reaction, because let’s face it, these results were pretty good.