Ouch Ouch, ouch and more ouch.
This is just silly. Absolutely silly. Some institution needs out, in a hurry. No one intentionally sells at a loss (unless they're irrational or are absolutely forced to sell).
As much as some of us moan and groan about management's inactivity (except issuing themselves more options), remember, folks - those options are under water. As of right now, they hold the right to lose money, in the future, if they exercise, so if they would rather own the right to MAKE money in the future, 'twood appear that their interests should be in line with ours.
If, like me, you have changed your diapers twice already this morning, remember:
1. PEA coming out very soon. Should be very positive.
2. Malawi - the great unknown, should give us a lift, if there's news coming down the pipes. And this isn't even factored into the sp, so whatever it brings is just gravy.
3. Drilling? Who knows. Once news resumes (whenever that is), there will be less uncertainties and offer us some hope and something to look forward to.
4. Selling pressure will subside - once who ever it is that is selling is done their great dump, the smell should dissipate. Pun fully intended.
All I am saying is, put this into perspective. NOTHING FUNDAMENTAL has changed about the COMPANY or the gold in the ground; just macro forces and a desparate, large investor looking to unload.
Long live the GCU longs (even if it requires life support for the time being),
Barisian