From a quick read of the IGR forum it looks like Pala sold out...

From a quick read of the IGR forum it looks like Pala sold out of its position in June 2010. Since then the SP has risen from 26c to 68c.

There seems to have been some discontent with Palas aggressive style. Interesting, will have to look into a bit more.

But, havent read anything to suggest that the SP would not have risen to 68c with Pala still on board. Dilution is one issue maybe thats what the IGR forums dissatisfaction centred around. The underlying resource and the bringing to production of that resource is another issue and that hasnt changed at this stage.