Im thinking it could be more to do with demand at this stage. Gss has been idling for a few years now. Apart from its high of 90c. So i think some people with a larger holding give a stock a year or two and if it does nothing they want out for whatever reason. The fact that demand is not there atm those wanting out get desperate and sell at a loss hopefully to attract a buyer. This causes panic in other holders that have been holding a while or seeing another investment that has faster potential so they sell to.
Coinciding with company announcements that have been scarce it can affect sp this way. Gss has a bright future im sure of it. But may see some short term decrease in sp to flush out holders that want to exit. I will buy more if this happens. But not just yet as there may be a better opportunity to buy. Time will tell.
GSS Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)