I would think that the market is still sorting it's self out, through a series of little corrections over the last few months with little to no price action to speak of. The patient investors picking up stock slightly below market value that will pay dividends it is just a matter of time.
It would seam to me that there was more hype over this stock two months ago then there is now. And investors that were tired of waiting for the stock to kick saw other sectors of the market making money, in some cases huge gains. Those that got sick of waiting ( me ) and have sold out partially (maybe at a small loss 10-12%) to be exposed to the Lithium sector of the market that is doing well (in my case 50% and rising) have made a choice that is working for them.
Now I still have a parcel, around 400k of GNX and will add more, it's just a matter of timing. When do I decrease exposure to the lithium super cycle and get back on board GNX for the kick off.
IMO I think the GNX kickoff should start sometime next month, action should start before the flick of the switch but who's to say.
DYOR and the above passage are my thoughts, not advice.
GNX Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
