RE:55..With an true understanding of your actual motivations on this board, I will at least answer for the sake of other readers.
Faux: "at these prices every share sold represents a loss for the seller."
Me: This is totally incorrect, wrong and ridiculous assumption that shows what your true motivation is on this board. There were many millions of shares bought at private placements that are in the money. In fact millions of them are in the money 5 fold at these current prices. And many of these same private placement shareowners have warrants coming due (20M of them), which are in the money, thereby allowing them to sell down some of their existing shares "while in the money" to fund and exercise their warrants at $0.21, that is not related to the actual value of the company and is creating a market inefficiencey. Thus why I am buying. It's part of the natural life cycle of ALL junior mining companies.
Faux: "every share purchased has a big friggin' "Averaging Down" sticker on it."
Me: Again, this is totally incorrect, wrong and a ridiculous assumption that shows what your true motivation is on this board. Who says? It's only an average down in this tiny snap shot in time. And thats only if it keeps going down and never comes back. Which is absurd. Whose to say a macro event doesn't trigger a mass rush into gold equities the end of March with the Yuan-Oil exchange opens? Or a war? As for on a micro level, as it relates to GPY it only 'represents' an average down loss on paper, until you actually sell those shares there is no loss. No one is forcing you to follow your shotty advice or beliefs. One can actually hold their position of value, if they see the economic value of the company until a PEA, or Feasibility, or buyout/partnership or a macro rush from the FANG investors into gold equities happens, thereby insuring a profit from any number of aforementioned scenerios.
Faux: "I'd wager no new buyers. So what happens..? There's a cast iron lid on the upside because any upside catalyst will be met with a rush to the exit."
Me: Again, you assume much, which again shows everyone that has been following along, you and your personage (freez, watson, harley) are a discruntled ex-employee(s) with an axe to grind. However, of the sake of others let me give an answer. It's commonly understood there haven't been any actual 'new buyers' in the gold equities market for years now. Gold equities are at their lowest levels related to the underlying gold price in history. So, any new buyers to GPY will only come from those within the existing gold equities market, that is until a macro level event happens or a micro level event at GPY. Such as new high grade discoveries on the property, a continuation of the strike zone, along with depth from Sproggee to the Central zone, and a PEA after this years step out drilling will bring new buyers back in as they exit their other gold equity positions to take advantage of the value. Now everyone knows, new buyers will almost always be met with some earlier investors looking to take profits off the table along the way. How high the price will go depends on how big the PEA is after the step out drilling is completed, how congruente the continuation of the strike zone is between Sproggee and the Centra zone, the grades of the continuation, how deep the veins go, how many warrants are left to exercise in relation to the share price, and what the market cap is in relation to the projects after tax NPV.
As stated, all your assumptions are very telling and totally incorrect. But you know already know that. And it has become very clear to me and many others what you agenda is. Any that can read between the lines of your previous posts knows you are an ex-employee with an axe to grind.
GTA