Ann: Grants Creek & Nicolsons Exploration Update, page-13

yo Dockie..

Check the agm thread...a shareholderposted good info..

From what i understand.....

pnr processed some low grade stuff from the stope to get to the next high grade level...it was low grade..

the board needed to raise  capital to fund their exploration strategy...And...Funds to upgrade plant capacity to achieve the 80k + oz per yr target.

BUT.....the global finance tightened, gold went down and they had to go cap in hand to raise $ at 20c. ..

embarrassing to say the least...but not manipulated.

sheyit happens in the mining game.

If you wanted to find the dump culprits..ask some institutional brokers. It should never have gone below 27 to 30c for dilution..

so one bad quarter...now back to normal..exploration success..decent stope grades..higher grade being processed now...plant and volume upgrade

SP UP..................simple...

accumulate imo.