There's been dilution since it was last at $1.44. Only a buyout would make it jump that high imo. I expect to see a run to .30-.40 in the near future. Unless of course a buyout, or partial buyout occurs. Or positive news out of Argentina where other unanium producers and explorers are paying alot of attention lately.
You're correct about more dilution since the R/S and dilution in 2010. Shares went fron 47M to 66M when they raised money to drill in the US. Management pumped that as a great deposit and claimed to be applying for rights to mine it. Then they walked away from it and the many millions invested there.