If you bought anywhere above a .25, you're feeling the impact of the market pricing in the security. The summer months are typically when mining companies are going up and into fall they go back down. Since this company is an exploration/development company, that means they missed the window and if it is legit, won't have enough time to get anything into place to do what they stated they would do.
As a caveat, I wouldn't call a measly 6,130 shares 'free-fall' as there are something like 400,000+ shares circulating and that makes up a roughly >2% of the share structure. When stocks have zero volume, they are easy to manipulate one way or the other. I do not believe this is manipulation, it's just no ones buying and so, those who're interested in buying for the long are going to place their bids far under the current price. Since no one is buying, there is little resistance to bringing the stocks price down.
I wouldn't jump into this feet first, I'd place highly conservative buys below the current prices each opening day. Snag a few hundred here and there, enough to feel safe with losing if it falls through and then there is always the chance those few hundred / couple thousand move up quickly and make sure to have some sales set in advanced and get out. It's about being ahead of the curve, projecting and predicting the action, once you've already 'realized' the current price, your time to buy or sell has long passed.
Sure some stocks explode in price very quickly and those are typically on low volume, tight share structures. This stock has the potential to do just that on the share structure side, but the company is far from proving up their claims. So you're not going to miss much by playing the action for what it is.
