Frank had options at 35 cents he received in 2007 and crossed them over to a friend of his. You can probably see the trade happen if you go back through the individual trades.
They were expiring, so they had to be executed (probably much to Franks chagrin considering where we WERE for a brief time) and he needed the money to pay his taxes.
For every seller we have had, there has been a buyer. Volume is extraordinary, so clearly there is smart money on the sidelines.
This puts more cash in the coffers as well, which is a good thing.
Fundamentals are unchanged. We are sitting on a large gold deposit as of today, the tonnage is already proven at a grade of 2% but is not technically reported so it is really not there in the eyes of the 'market'.
IMO, the real story of GNH began on Wednesday. Frank and Sasha are in Toronto today with meetings most of the day with people who will probably understand the significance of our drilling results that were designed to define zones and add tonnage.
Apparently they just got out of a good one about 20 minutes ago. Now they have something tangible to sell to these instituions.
B
