News: YTC Resources' gold project progress , page-7

I think it's 3-4 factors:

1) gold price has stalled (less money from forward sales to be expected => more dilution for Hera likely)

2) copper worries wrt China

3) everybody current holder knows we'll have to raise capital as soon as we get the go-ahead for Hera. So why buy now if we likely can buy more at a discount during the CR? In addition, there might be some shorting by funds that expect to partake in the CR ... OTOH, there sure are some big funds out there that will want to keep us above ,40 to avoid dilution becoming too big.

4) Possibily: power play between Yunnan Tin, Glencore and other big boys.

I'm holding, will buy more during the CR and maybe before that if one of my other plays spikes and frees some cash.