The stock is being accumulated imo. This would be in the 40c...

The stock is being accumulated imo. This would be in the 40c range without Tranche 2 slowing the train down. Funds are using this period as a time to start accumulating imo. Once Tranche 2 is issued, then that should signal the bottom. I dont know where the stock will be around that time. I assume that most people who wanted to sell to pay for their second tranche have already done so. This may not sell off like it did before. Most of the traders who flipped the 27c placement would also be gone. I think bc8 and the gold price will grind on toward the inevitable rerate by years end. Lets see if that plays out.