the reason for today's volume breakout, not sure exactly what the med to long term implications are, but I would assume they are bullish?
I dont think that this volume can be attributed to short covering, but who really has the answers seeing as there is so much speculation that the juniors are being manhandled by hedge funds palying a ratio spread against bullion; but I am sure no regulatory filings are available that will show that many shares shorted, therefore we have some very interested buyers at this price knowing that the assays for hole 33 are still pending.
All shareholders should go back to the last assay release and re -read the part where the massive sulphides are described.
This is a very protective measure by the company to protect the shareholders.
I think that buying under .30 is a steal and the timeline to do so is rapidly shrinking.