I think what you say is correct, coupled with the recent CR to 'sophisticated' investors who, if they haven't sold already, are questioning why they bought in the first place, and $8 million was raised, that's 50 million shares. We all know how the 'sophisticated' game works on a CR, broker and mates buy in looking for a quick buck, only a small percentage where/are interested in the prospects of the company involved. The selling pressure is now too much for AOU, unfortunately, just a matter of how bad this gets. We are on/near 12 month low and nickel price is at multi year high!!!! Something is really wrong here, and I don't think its the resource they have their feet on, its clearly the shareholder base. Getting in bed with S3/Wise-Owl probably made it worse, getting all the T2 punters involved. Real shame. This latest announcement was stellar, I could list other companies who have had lesser nickel sulphide strikes and their SP has more than doubled on announcement. What to do now? that is the $64 question..... GLTAH
