"The simple reason; The company has not done enough to assure the market and give people a reason to buy."
Just personally, I think that, the very-last-thing, that should be, currently occupying the thoughts of the 'inscrutable' Mr Tse, would be "doing enough to assure the market and give people a reason to buy" just in order to provide yet another, very-short-lived, GXY SP Yo-Yo opportunity, solely for the brief benefit of the 'daily penny-flippers'
And as for "I think using the cash of the POSCO sale for 100% development purposes was a huge mistake" well, personally, I think that was a hugely correct decision, and so, I guess, in the end, it all just boils down to one's own point of view, and, one's own personal Trading or Investment horizon, time-line.
IMHO, I think that the 'inscrutable' Mr Tse, is right now proving, that he is indeed, an excellent poker player.
GXY Price at posting:
$2.46 Sentiment: Buy Disclosure: Held