when do we run out of willing sellers, page-13

I was certain you had, Rumpel, and if you say you haven't, then you haven't, and my apologies for that.

It doesn't change the main point of my post though. We can widen my scope to include other small caps TON (although this is a "no-cap" now), LMB (HXG). VXL (except for the front runner SYR, but they can't be considered small cap), and then widen it again to include non-graphite companies. The market has been pushed down for resources for quite some time, and that even includes the real big boys (RIO, BHP, etc), and my point from the above is that if we have managed to stay trading, not lose any further sp (relative to most other companies in the resource space), and be sitting in a holding pattern in a wider resource malaise, then that is actually a good outcome.

Of course, it's not the best outcome, and I concede that entirely. I personally wish the sp remained multiples higher than it currently is, but I'm comfortable with a temporarily stagnant sp while others are drifting down, even if it encourages the sort of people who come out during a full moon to make throwaway lines about "no positive impact on the sp" with no effort to actually draw a comparison or put it into context.