People will be buying now cause the rights offering is sent out for people to buy at .66 per share. It should be moving up now cause people want to get it before it goes higher. This is just going to go higher from here on.
Everyone exercising their rights at .66 has no effect when the stock is at .97 because they are paying .66 and not moving the stock To .97. So it's people buying shares on the regular market for some reason, maybe just oversold.
It's a dead cat bounce in a Bear Market for Polymet. A Bear Market is a drop of 20% or more from the resent high. Frankly, Polymet is a Depressed Company hope to be, in a Depressed Market, and will feel the full wrath of the over all market as Europe is in a Depression, Japan is about ready to implode and perhaps explode, China is in a severe Recession (their numbers are just buaaallshit, and are taking Australia, Brazil and all the commodity driven markets with them. Canada's housing is now going bust, Australia, and so many areas of concern too numerous to mention.
In addition, this is a low volume do nothing company and as such is easily manipulated, and is being manipulated in order to steal your hard earned cash. You Folks just have to stop, and ask yourself this one question: Is the economy World Wide in better or worse shape than in 2008? I will NOT give you this answer but it's a real easy call...BOB