I would say, it's a HOLD
There are several questions that still need to be addressed.
We need more transparency from management and current operations.
There is a strong likely-hood of takeover and breakup at these level. If a 13D gets filed for the purpose of a takeover, there will likely be a bidding war, and forced transparency from the board of operations.
As a result - HOLD.
If you double down with the same # of shares at .24 you will cut your loss in half. Still a helluva loss. Double down again and cut the half in half.
Loss not so bad at that point and you can sell yes, but at that new NAV you may want to stay in until the stock price hits your new NAV and then sell to break even. GBG is hurt but not dead. GBG is oversold now and news from the CEO/board will bring the price up. How much physical gold/Ag do they have they can sell off to rescue themselves is my question or put up as collateral to the banks?
"News from the CEO will bring the price up."
Is that a fact? Just all of a sudden poof, they talk now, and it goes up? Even though the now current CEO has been part of this disaster since 2008 as Chief Financial Officer?
Neat trick, glad that's a sure thing, whew.
So if you double down and next week the company says they no longer have cash to fund day to day operations and the stock is going at .18 cents then what. It's over. Unless you are management present or past and you still get to retire.