Still looks like "controlled bleeding" to me. In absence of broker data I strongly assume that underwriters are still slowly and steadily releasing extra shares into the market. The moment this stops and/or more info about Bouldercombe funding are released then it will slowly rise. In fact it has held up remarkably well in the general sell-off lately.
In the meantime this is a bottom drawer investment to me.
GNX Price at posting:
22.8¢ Sentiment: Buy Disclosure: Held