June 2020 the last time we were this low!After yesterday, GGD opened to capitulation and dropped on early volume. Since, market makers going back and forth between 1.02 and 1.03, trying to entice more sellers. As soon as 1.03 gets chipped away, they list a bunch more.
No news has been eroding the share price, along with permit delays. Most miners are taking it on the chin as the sentiment is against them. GGD is no longer a speculative share, it is in "show me the money" mode. Until permits are issued and construction is underway, the SP will go nowhere. Of course, there is always potential for someone to takeover a future silver mine. Now would be a great time to get GGD at a discount and pick up a load of silver before the price increases to fair value.
The price of silver, and gold, is effectively manipulated in the futures paper market, without any bearing on supply and demand. At some point, the price of silver will have to rise to ensure supply is brought onstream to satisfy the demand. When that is, nobody knows. However, with electrification and the attempt to move away from fossil fuels silver demand will continue to rise and compete with non-industrial demand (poor man gold). LRS and LRN along with heap leach technology will be very valuable, whether it is GGD or someone else bringing the mines to production.