RE:Break out soon!As a long-term shareholder I obviously welcome the positive move in SP and volume, though I would urge caution for those unfamiliar with the company. It wouldn't be unprecedented for the shares to go back to $0.12-$0.15 range where they hovered most of the year, despite the improvement in NAV/fundamental value. I'm optimistic about company long-term, and I think anyone buying below $0.20 will look back a couple of years from now and say it was an excellent entry point. However, that is merely my opinion, as I don't have a crystal ball.
Based on how unloved this stock has been for so long, I would not at all be surprised to see heavy selling pressure at these levels. There could very well be plenty of shareholders who will sell on any signs of strength. For that reason I encourage newer shareholders to be careful. If the company executes on its buyback as it did last year, and takes out ~6.5 million shares from the float, I believe we could very well see the $0.20 range. Very interested to see what valuation the market gives to Desert Lion Energy, as their IPO looks to be impeccably timed.
In any event, GLTA