I looked backed at January 18th when we released our assays, here is that NR again:

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:GAX-1800835&symbol=GAX&news_region=C

That day saw us trade over 9M shares, some serious volume for this little company. Those assays were great grades but the intercepts where rather short. Now, we have similar visuals of much longer intercepts, the price of gold is $500 more per ounce now then at that time but the markets are in a funk. However, strong results will be rewarded, very strong results will be heavily rewarded.

So I can see why no one is selling. The last time we had our run up, many were looking at 300% gains in 4 months from the PP at 5 cents. We also had flow thru shares that were very cheap and most likely sold into the rally. This time, it would take a rally to 60 cents to give those shareholders the same ROI from the PP at 15 cents. Most now have an average cost base around 12.5, a much better launching point then last time.

Patience is the key here and it seems like that is in ample supply based on the lack of selling the last few days. Any decent new comers wanting a position will be driving this to 18 cents in a hurry IMO.

Glorieux