RE:RE:Volume continues to contractAgreed, techguy12...we are in an accumulation phase by every measure (see the Wyckoff Price Cycle). Volume is decreasing, we are now above the 100-day SMA on the 90-day/2 hour chart, and the 200 SMA is currently at .37 US. If we bump above .30 US, we are then on our way (not in a straight line, but possible) to my intermediate price of .44 US. We are tracking very well with the GDXJ which is starting to move above the same SMA's and is showing future strength.
All right, putting my business mind aside, GMTN stock is ridiculously undervalued! It's amazing to see the price action and how desperately people wanted out. Being sensitive to those who lost precious funds, it probably felt very sickening to watch this go down every day. However, this is the time to dollar cost average purchase, if you can get the amount of shares you want (especially here in the US). Junior miners are volatile but all the experts I follow show we are valued as a whole, in the junior miner sector, at values vs the S&P500 that are lower than in March/April of 2020! These opportunities do not come very often.
Now, let's look for GMTN to continue to drive more efficiencies in their ore processes, give some very good forward looking confirmation feedback, and to build more value in the business. There's plenty there currently, but I know this aggressive mgmt team can continue to 'raise the bar'.
All the best,