liongold - end of a share bubble

This is what is happening to Liongold, the main shareholder in Signature metals.

The Liongold bubble has burst. Look at the recent closing prices for Liongold:
Thursday, October 3rd $ 1,51
Friday, October 4th: $ 0,88
Monday, October 7th $ 0,25
Today, October 8th $ 0.19
On basically no news, just a correction in valuation.

Also read Kip Keen on Liongolds failed financing:
"To fund acquisitions, LionGold planned back in mid August to raise S$202 million at S$1.11 a share with three firms, Platinum Partner, Carnegie Hall Group and Spring Road Adivsors.
Of course, now trading for less than a quarter that price, it becomes improbable firms would take up LionGold shares at S$1.11 – if they already haven't – which in turn would limit LionGold's access to fresh cash to spend on new and ongoing acquisitions."
http://www.mineweb.com/mineweb/content/en/mineweb-junior-mining?oid=207739&sn=Detail