I wonder what the motivations were for keeping the share price...

I wonder what the motivations were for keeping the share price down prior to the options expiry? I can think of 3:

1. The directors knew they would be able to raise capital at higher prices in the near term AND weren't holding a significant number of options themselves (i.e. there was no personal gain)
2. The major shareholders knew the value of the business and did not want their holding diluted by the options expiry. This only works if they weren't holding significant options with the intention of exercising them.
3. Capital won't be needed in the short or medium or long term. There's a 3rd party lurking somewhere.

I suspect we'll know in a couple of months. FWIW I favour theory/mass speculation #2! WGR is likely to require significant capital for their own project and coincidentally I believe tomorrow or the day after they are expecting a decision on the clawback provision in a contract over their tenement package. So both a motivation to keep the price down (non-dilutive) and now UP! And I believe they're in the same office...

JT