RE: Chicken... ...not to mention the fact that if the Exchange doesn't do something about shorting the downtick they are basically guaranteeing the demise of the venture exchange. Kaiser's estimate of 600 companies going down is growing by the day.
These are unprecedented times...somebody needs to step up or the few retail investors left will just continue to be run out of the market...not to mention a vital part of the mining industry is being shuttered in the midst of a commodity boom. The Eric Sprott's of the world can afford to wait it out and buy up all the deposits for pennies - the rich will get richer...
If gold was $400 and crude was $35 and copper was $1.75 - I would have no case....but, it isn't the case.
Where is the Exchange in looking out for the interestes of individual investors and the long term health of companies and the exchange itself?
For you chart people - overlay the CRB Index with the TSXV - pretty much 1:1. Recently there has been a large divergence - the TSXV continues down while the CRB is trending up rapidly - mostly with the price of oil.
GCU is just one of hundreds of casualties in both the mining and oil & gas sector.