depends on individual time frames. depends on market...

depends on individual time frames.
depends on market sentiment.
small, mid and large cap stocks all taking a beating across the board.

Small cap explorers are easy targets for bottom scavengers wanting to crow.
If the overall market sentiment goes negative like I have seen it do on many occasions since the early 70's, the selling is compounded by people converting a paper loss into a real one for no apparent reason other than they keep reading the gloom and doom and actually believe it and they join the cue of sellers, without knowing why but join it anyway. And when there are only a few people buying, if someone has to or really wants to sell because they need the money, of course they have to accept a sale at a give away price, they have to take whatever they can.....it's happening across the market....not just those stocks that the down rampers are crowing about their self perceived success or otherwise. Most of the experiences I had in the stock market in the early days, was in similar bear market sentiment as is current and I sold about half a dozen stocks lower than I had bought them, which within about 6 months or so , were back to where they were when I bought them and they went on to much greater heights , as they converted the potential I saw in them into real results.
When someone sells low after buying high, there is an exchange of opportunity. One is happy to get out, the other is happy to get in. When someone buys low, they do so with the well known saying in mind...."buy low , and sell high".

The low volumes suggests that 99% of shareholders in small explorers like GDA are holding onto their stock which shows confidence in the future and a disciplined trading/investment plan.
There are the non stock holders who have been bagging just about every stock on the asx, out in force across the board .
Time frames are different.
Value is perceived differently.
GDA has gold results due soon, gravity surveys happening at the corunna iron ore project in the Pilbara and so much more but in the current negative sentiment, the non stock holders will still gloat. Doesn't matter whether it's a share price going up or down, they are on nearly every forum, and thread on hot copper bagging the stock, the directors, the posters who post their research and thoughts and anyone else they can get a shot at. They will be feeling pretty chuffed about their negative views at the moment. How clever of them in a broader market sense when they pick in the small explorer and claim how right they think they were.
Time frames are different.
Value is perceived differently.
If you like the hamburger, the hamburger you like just got cheaper.......Gondwana's bargain buying at 10c, 20 and 30c and if they identify some gold and Fe who knows......and when this commodity booms' short term hiccup gets burped, the demand is still there, the supply is still not meeting demand long term and small explorers that move up the ladder with one or more resources will get re rated accordingly.
There's been plenty of these negative periods of sentiment.....which as we know, market sentiment changes.