RE: RE: Gcu like a rock !!! I had a similar experience during the ugly part of the financial crisis. I saw it coming and pre-Lehman Bros. leveraged my long positions with options on gold, silver and the big producers. I also added heavily to positions on my POS favorite little long-shot juniors (including GCU) that had been, like Gold Canyon now, beaten down 80 or 90% from their previous highs. Well, when Lehman took us to the edge of financial apocalypse and then treasury secretary Paulson (good friend of Golden Slacks) and the U.S. congress had to convene in the middle of the night to try to prevent the financial system from going into a complete core meltdown (which we now know was a scam to preserver the wealth of the "haves"), I thought I was a genius. Who could have predicted the liquidity event that ensued post Lehman where the only thing that was liquid was gold, silver and the big producers, and they got sold like a two-bit (well you know) as people needed to meet margin calls on the collapsing equity markets. The V-shaped recovery that ensued in gold and producers didn't save my lily-whit a--, because I had maximized by leverage by keeping the duration of my options one month out, which juuuuuustt missed the recovery (but as we know, close only counts in horse shoes and hand grenades, not options). The point of this long-winded tale is that it turned out that the crazy little companies that had already been beaten down flatter than flapjacks (that's 'pancakes' for those of you geographically or chronologically impaired), held almost 100% of their value and saved my lily-white a-- because there was not much flattening left in a flapjack (in the truest sense a flapjack is much thinner than a pancake), and so whereas much better companies (including Citiband, and GM) fell like stones, those things held their beaten down values. Now, speaking of long-shots, we have one potential wild card here in that the market cap has been beaten down so far that management considering Springpole as the primary asset and the REE biz a secondary asset, we have now reached the point where we have the 'potential' that the secondary asset my have the greater value (that, of course, in a world where crossing ones fingers is efficacious).