Group - I think that because so many players were caught with their pants down on April 30th, they are going to want to do everything they can to get back lost money quickly and evn gain more. I would expect to see a lot of manipulation and volatility in the coming days until there is more news.

Considering how much we dropped in April, and that we are really now back to where we were then in terms of the situation surounding Las Cristinas (arguably perhaps better off now with talks on-going) this recovery is very weak. At the least we should be close to the $1.60 level where we were. Some is retail taking this pop to get out and some is tradining activity by those who got in last Friday. But I think mostly it is a controlled attempt to let big players get in. Dump a few hundred thousand shares and take out stops plus create panic in retail. Then buy them back plus more a few pennies lower.

I think we will see this kind of activity until KRY submits the modifications because tha still gives players some time to get in. The risk of a "permit annoucnement" before KRY submits the modification is low, so it creates an opportunity to work the PPS. Today's tradining has almost mirrored what we were seeing when the permit was "imminent" but retail was losing faith. (And institutions were adding)