GPR's SP is down a mere 1.6% while market darlings like SLR and RMS are down over 5% and NST is trading below $9 (way below its post SAR merger peak SP of $17 !! ) ... all approaching 50% retracements from recent all time highs .... despite churning out great profits, replacing production and maintaining reserves with exploration and acquisitions .... this is what a bear market looks like. GPR is sitting on a (psychologically) key support of 30c, while the SP drift has been on very low liquidity. So, it would appear that large holders believe the stock is very cheap with great fundamentals ... even in a gold bear market. Thats not to say that the SP couldn't dip somewhat lower if a large holder (for whatever reason) decides to sell. The low liquidity could result in a very big down dip .... but that would be crazy. More likely an off market transaction for a discount could be arranged ... forced selling in a bear market is always ugly. This wouldn't worry me in the slightest ... but I would sell a few winners to buy this huge long term potential winner. Remember .... GPR is a first class resource, with lots of exploration potential, thats fully funded and half way through mine and plant construction, and will be very economical even at lower gold prices. Will the gold price go much lower. Hmm. The Fed (and the RBA) has said its going raise interest rates in the next 2-3 yr .... what will that do to debt repayment stress ... consume all tax income and bring the housing market cashing down again ?? The Fed has also promised to stop buying bonds etc by the middle of next year .... that amount it will inject between now and then alone will be greater than QE1 ... over US$600bn. Since the pandemic began, the Fed has created new money equivalent to 30% of all US$ ever in existence .... that money and those worthless bonds are out there fanning inflation like its was Weimar Germany. If GPR has no future, then every gold explorer and near term developer is worthless .... Leaders lead .... its not sensible to expect GPR or RED or Panglossian Gold to have SP performance when SLR, RMS etc SP are in the doldrums. The IOUSA will never allow another Lehman moment nor will the Chinese. They will QE to infinity and support markets and the asset bubbles they've created till kingdom come ben if it results in hideous inflation and currency debasement ..... and increases precious metal prices. So, stop worrying about the daily SP and gold price .... put it on ignore till this Fed BS policy once gain back flips when the markets have another tamper tantrum. One shouldn't be in stocks like GPR which have such low liquidity unless your there because of strong fundamental conviction. There will be some updates over the next year, but nothing really game changing till first gold pour in first qrt 2023 .... except T.O.
