The main game still hasn't started on this stock. What commercial production agreements are in place now?
Those who have been holding for years are unlikely to be selling on market in mass today. They will still be either well below breakeven, or waiting for the real action to start when commercial agreements are announced, hopefully over the next couple of months.
IMO, it will be panicked traders pulling the trigger today. The long-term believers will be more inclined to reload at the lower prices if the SP retraces.
GSL Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held