RE:Falling knifePossible, however gold is still above 2600 and silver above 30! The day to day noise is not true value, only the market irrationality. The SP of GGD falls rapidly with metal prices but does not rise proportionately.
Soon we will have Q4 and year end financials (~December 18) which should show GGD is profitable. In Q1 2025 GGD expects to have the LRS permit. At that point the SP should rise significantly as the herd buys in.
The selloff today is overdone as GGD is down >7% while metals are down <3%. This has been the norm for GGD shares. I suspect many of today's sellers are traders taking a loss.
Since GGD has applied for an underground permit only, it should be forthcoming sooner rather than later as the Mexican government looks to increase revenue and generate employment. In the meantime, when there's blood in the street.............................