Suspect that is how they plan to get back some of their losses. Wouldn't be surprised to see them drive it below $10. They need more retail suckers to buy high and sell low. You can bet your last penny that Wallst is crooked to the core.
Here was a company with a stock on its death bed selling for 14-15 pennies. They made a few wise deals and the stock popped into the 80 pennies (+433% gain) and has since cooled down a little to the 50-60 penny range (233%-300%) in the last 6-7 months. Let me see now, would I have rather made 100-200-300-400% in less than a year or bought a 5yr CD paying 1.6%? Now that is a hard decision. I say just set back and relax; The PIPER is not selling or getting out imo, just controlling and playing traders for easy money. Surely the PIPER wants to eventually make a killing on this just like everyone else; not a few peanuts. If GSS management can continue to lower the all-in-cost, this will continue to rise, and maybe rapidly at some point. If there is a crisis in the future that drives GOLD to $2000 and beyond quickly, I sure don't want to be on the sideline trying to get in cheap as it is now. As for the PIPERs, I'm sure they will be more than happy to buy your shares to cover their shorts whenever you want to sell now (at their bid).
The pipers are in control of this stock for the time being. It's that simple. If GSS management meets goal of lowering all in cost...then we fly.
Traders are wasting their time trying to play this unless GOLD price increases significantly from here. Piper scam is to pump/short/cover/repeat.
And more cheap shares for their buddies? Then the real news? Or just another (s)con play like the previous 2-day high volume? Time will tell.
Selling any Gold Mining stock at this point is probably a real bad mistake. The PIPER that is manipulating GSS pps may actually be your best friend at this point.
I truly hope you are correct, but PIPERs trade with inside info and steal from others using their short scam trading techniques. As you might guess I think PIPERs and their minnions, in general, are the #$%$ of wallst. I think it should be illegal for the management of any company to make behind closed door secret deals with pipers before first offering the same deal to ALL existing shareholders. That will never happen though because wallst is crooked to the core and our GOV SEC watchdog is in bed with them...imho. Now back to the greed that drives us all...good luck to you.
IMHO. Maybe its a fakeout and it will pop 25 cents when earnings is released. I personally think PIPERs are nothing more than crooks stealing from investors that don't have the capability to trade with inside info.