A look at the long term charts of SA shows peaks at around $30 to $35 levels which coincide with the sale of its Mexico properties in 2008 & 2010, and the funding in 2011. The stock attempted to cross this level in 2011 but couldn't quite make it. It has been falling ever since. The 52 week high is $20.34 (September 2012), and the stock has fallen from there to the 52 week low in March 2013 ($11.59). The current price is below the 200 DMA of $16.19, and is just holding around $13.51 which is the 50 DMA. The volumes have dissipated (10 day volumes of 290K compared with 3 month average of 320K) indicating that the recovery from the lows of $11.59 is slowing down in momentum. Yesterday's move was big but more such days are required. The recent funding through private placement (November / December 2012) of 1,100,000 was at an average price per share of $21.85, for gross proceeds of $24.0 million. In addition, $18 million was raised at $17.92 per share. In fact, the funding in 2011 was at a even higher average price of $27.35. However, the stock has not been able to sustain at these levels. The fundamentals have not been supportive as it has not been able to earn revenues after the 2010 sale of its Mexico property. Looking forward, the Company has extensive exploration plans for 2013 for both its main properties (KSM and Courageous Lake). The company is on the lookout to find companies to sell these properties or enter into a joint venture to fund future development / production. In fact, some other big companies like CDE have recently purchased stake in smaller companies like Pershing gold (PGLC). PGLC is about to start production in 2014, and is currently available at a massive discount to its expected potential. Returns from these mining companies or, even companies like SA, are maximum if the investment is made at the initial stages.