With specific mention of the confidentiality of the due...

With specific mention of the confidentiality of the due dilligence, I would suspect that the rumours of the unconfirmed resource being the culprit.

With an unconfirmed resource, I dont think how its possible to set a price for a company that is, as far as the market knows, still awaiting confirmation?

Someone said that GJ jumped the gun, I think that may prove correct. Wait and see a merger proposal occur on or around the time of the drilling results come out.