imo, the sell-down was caused by the Canadians after 24m shares...

imo, the sell-down was caused by the Canadians after 24m shares and 12m warrants were issued in Feb. Ken Gerbino (www.kengerbino.com) recently wrote this about Canadian gold juniors. Hopefully the BS is now over for DIO.

"...The Canadian mining industry was built on prospectors going out into the wilds with a mule and supplies for a season or so to explore and look for mineral traces on surface. This was high risk and speculators and investors for their grubstake were given a big piece of the action if anything ever developed. This tradition now continues but on a grander scale with the investment banks demanding cheap stock and warrants from the company for their own account and customers. The warrant kicker is now so prevalent in Canada that it has ruined the share structure of many small companies. Insiders sell the newly issued stock as soon as allowable and keep the warrant at no cost. If the deal works they have a free ride. But their selling kills most stocks...

...Sell any stock that is issuing warrants with their next financing and tell your broker why and have him call the company as well"