I think there has to be more to it than just market conditions...

I think there has to be more to it than just market conditions to see the share price fall by this much. Gold price is still looking very good and although many juniors are struggling, MUN should not have fallen by this much. Most people are predicting strong movements in the POG over the next year and to me this seems a bit dodgy.
So, assuming everything is all good in South America, why so much selling? Are they planning a capital raising?? Can anyone offer any theories other than market sentiment?