I haven't even read the BMO piece, as the author isn't worth his weight in FAKE GOLD.
It is clear that significant technical damage is done on Probe. I see any scenario unfolding.
1) the stock will meander between $1.25-.75 for a few months, before breaking out higher.
2) a down draft in the price of the yellow metal, causes further scare in the juniors, and our beloved moves toward the $1.00 with many chat board members soiling themselves as they watch in horror. Even though there will be support for the gold price because of central banks buying, it will indeed be scarey.
3) Dave puts out an attractive resource update AND then follows up with some high grade intercepts from non other than the NORTHERN TARGETS. Everyone feels warm and fuzzy again. Cats and dogs live together. Probe picks up real institutional holders of the stock. Probe becomes a takeover target by the end of 2012.