GOA is finally finding a bottom, which was a good sign to get back onboard. That said, any positive technical indicators are still nowhere to be seen. I am just going with my gut.
It is interesting to see how GOA manages to progress its projects and get investor support, which will be key.
At this time there is little love from investors who have been badly burnt.
It is true that the market has been really poor; however, GOA has been smashed even without releasing negative news. The negativity surrounding the company are based on supply demand of stock, which is slowly being worked through the system.
I had a quick look at the historical stock price going back 10 years and found the stock on a steady long term decline (notwithstanding the occasional rally); however, the good news is that the company is that much closer to getting some of its projects go live.
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