hmmm, Cliffs, what could be there rational? it has been mentioned earlier in this thread as a possibilty that sell now at 2.00 or more, dont like having to wait when they expected the PEA. Who doesnt feel disgruntled and frustrated by it, but it may very well be for the best. They have warrents they can exercise for 1.50, not bad even if all they did wa sell a million at 2.00 and exercise the warrents at 1.50. half a million profit and they have the identical number of shares. Might be a bit of a desperate stregy, but Cliffs may not have time to play the long game, and seems desperate not only for cash but also to instill confidence in the shareholders, just my opinion of one possibility. GLTA