Its more like traders in GBN.V shares anticipating a layup for a higher share price based on the decline in the bond price. They also might be looking at the technical indicators and thinking this is a layup trade. They are taking positions in advance. Investors who accumulated during the down trend are beginning to see the logical outcome of their decisions as well.

The bond price closed the week @140.31, but the futures market disagrees, closing @141.75. March expiry for futures comes on the 16th. If the bond price moves significantly, then the share price in GBN.V will move significantly.

We are still anticipating the release of Q3, fiscal 2012 financials, which ended Jan. 31.

Secondly, there will likely be positive news out of the Lloyd mine. Komis certainly was a pleasant surprise, though it did not move the share price. Normally the company will wait until after PDAC to table any developments. Tonnage rates are probably as stated in the presentation and the fact sheet.

The hostile bid is certainly in the market, as we have seen so many buyouts happen at the junior end.