Here is joves post below these 2 short paragraphs. To debunk Joves post, one only needs to know 2 things, which are;

1) A huge series of "cross/wash trades" took the stock down. Out of 7.2 million shares traded after the first drill results came, actually only 610,000 shares traded hands on that one day. This was an intense "tree shake" which involved several of Canada,s big banks. Tree shakes as well as cross trades executed in a manner to manipulate the stock price, is illegal. For IIROC or any of the regulators NOT to intervene on this orchestrated take down of the stock by several banks shows that they were/are paid off, plain and simple.

2) For the stock price to steadily DECLINE before ANY news, shows intent as well as what was created to APPEAR as insider knowledge that results would be bad. BUT, and very IMPORTANT, no body in their right mind would create an illusion to the market of "leaked news", unless the regulators were WELL AWARE of what was going down. So, for the regulators not to act on a blatant illusion of "news leak", also encapsulates the regulators within a trap, that they cannot get themselves out of, lol. Things are crumbling friends, and the regulators don,t have a leg to stand on, in ANY COURT.

As one can see, yes, starting the Friday before,Jan. 6th, and the Monday and Tuesday, 9th and 10th, there was not only selling, but over the three trading days, a drop of ¢.50 in the run up to the news release, which, by the way, came out AFTER the market close of the 10th. 45 minutes after, to be precise.

As most anyone knows, bad news is delivered after the close of markets.

Almost 1.5 million shares traded on those pre news days. After the first news release, over the next 5 trading days almost 20.8 million shares traded, and, the price dropped (duh, terrible drill results). I do not know how many shares were outstanding at that time, but using the share count as of today, that 20(+) (-) million shares represents approximately 9% of outstanding shares. And, as we have been told ad infinitum 91% of shareholders still hold. As well, a troll back through AG will reveal many posts exclaiming not only to "hold", but other admissions of buying more of this stock!

Now, at the time, it can be assumed that none of the "Green" shareholders knew if any of their ilk were selling, only after time had pasted did anyone know that an incredible amount of "die hard believers " had not sold.

1) the markets are never wrong.
2)The share price was WAAAAY over-inflated.
3) Shorters were NOT covering in the days after the abysmal drill results, and awaited the further abysmal results on Jan 23rd 2012. And still they did not cover, the trading in shares lessened, but the price continued down, relentlessly. Smart money was running, with the smartest already gone (seems a lot of boosters of the stock disappeared from AG about this time )
4)The company headed off on a new tangent, with NRS that had nothing to do with Tesoro. Tesoro was/is, dead. They drilled it, and they killed it. Lori told as much in her Fox interview. Were any of you listening, and thinking? or, as I suspect, relying on the idiots who professed to be "experts" in mining exploration and geology?

I am sorry for the pain that the shareholders of this junk stock have encountered, but I do not believe it can be put on the company, rather, on the dolts who were sucked into bull and beer meetings, and then further passed along to a fisherman on a Internet chat site, there to relinquish their responsibility to a pumped up fisherman, full of himself and his ability to analyse mining reports from a Llama pasture in Peru, while he sat in his proverbial arm chair pontificating on what was what with all his amateur powers as a "wanna-be" geologist!

So, for those of you still clinging to this mess, lets start with this data shall we?
Read more at http://www.stockhouse.com/companies/bullboard/v.sli/st-elias-mines-ltd#4eGi2yvyA5ASMCMW.99