We can speculate all day about sellers, buyers, etc. This is the time for year end tax selling, so at least some of that will be going on. It might be some of the note holders (Iliad, etc.) cashing in cheap shares that have come off restriction, or it could be retail buyers locking in losses for tax purposes- they can always re-buy the shares after the minimum time. As far as the buyers? I assume PP is in there somehow. Also maybe Chinese investors as BOUTS suggested- maybe the same ones investing through the EB5 program to get their green cards?
Whatever the situation, I find it impressive that we are closing in on 4M shares traded today, and the price is still holding up as well as it has. The sp of any company like SFMI will tend to drift down in between news releases. This is especially so in the case of SFMI where investors have been conditioned not to trust much other than very specific news about what has already been accomplished, not what is going to happen or is in the "preliminary" or planning stages.
We need news about drilling and assays. Nothing else will make much of a difference at this point. The leach permit and system installation are too far off. Even news about funding will not matter much- you can always get funding, it's just a matter of how much dilution it involves.
So bring on the drills!
