I noticed also that operating income for GMP is down from $165M in 2007 to just over $30M in 2008. Obviously times are not nearly as good for this company. Cash and cash equivilents at the end of 2008 were a healthy$265M, but most of this must have been tied up as there were "difficult liquidity conditions". Possibly tied up in "speculative investments" like Sage gold? Apparently they are dumping KXL now.....

I think the reasons why junior gold company sp's are so low is partially due to the fact that companies like GMP are having to dump shares just to stay afloat. Resistance is obviously not just from traders, shorters and profit takers, but also by these larger houses that are having to liquidate at losses. They really kill the momentum. There are many who claim that there is huge upside potential for this stock, and I hope this is true. I'm just hoping that credit does infact continue to unfreeze so that there are no other large positions in SGX that need to quickly unload.

Long on Sage!