"What's intriguing to me is that GDXJ chased this pretty hard all during '12 - that speaks to Van Eck seeing these assets as being extremely undervalued at much much higher prices. Sucks to be them and have to sell them now."
so true. Not sure what made them to invest in the company otherwise. It is so hard to predict the sentiment. I think there are few facts here that we should not ignore- my facts are not accurate but just a summary type
1. GBG has crashed very hard. In 2012, it lost its value a lot before going on halt.
2. The halt was frustrating to many. They could not sell, could not buy. It was an upside down. Even the ones that were shorting have been confused as they were stuck. I don't think a single person enjoyed the halt session. So, coming out of halt, lots of selling.
So, my question is - if we forget the halt part, what has changed in the company when it was at 8 cents ( 45MM market cap ) vs now when it is at 1.48 cents (8 MM market cap).
Any thoughts?
