Re: after the price of the last options that were exercised

It is hard to believe that the SP is now about half of that $0.45 exercise price. Oh well, I picked up another 20,000 shares at 0.23.

Rick Rule says that market bottom in resources are usually the period of time where both the sellers and buyers are exhausted. You can tell this when there there are almost no bids or no asks. At this point, he says, the SP starts to gradually move up.
Based on his comment and the high volume of shares being traded - it doesn't look like we are at the bottom yet.