Retail Investors BailingClassic investor turnover story, retail investors are bailing at any cost and don't believe in the story anymore. However, the story has not changed and there's tremendous upside. The only thing that has changed is that the stock price is valued at 36% of the offering price not too long ago.
On the flip side, Institutions are buying at these fire sale prices, as the story has not changed. They do not care if during startup GMTN falls short $1M in sales for a month, or a quarter, as they know the story has not changed and has value. The Gold is still in the ground, at unusually high g/t levels, along with big upside in resources. This is a very unique story and the price will one day go up just as quickly as it has gone down.
Another great piece of work here to listen to, specific to junior resource stocks: https://www.youtube.com/watch?v=Sp8qff0BiPs
All the best,