- Joined
- 27 June 2010
- Posts
- 4,324
- Reactions
- 367
Morning kid hustlr. I don't actually have a position in GBR, just watching from the sidelines with interest. After the initial spike to 70c they have pulled back and have settled in the 40c-50c range. Am really not sure where they are headed at the moment and suspect there could be more profit taking in the near future if the share price doesn't see some further momentum in the short term.Have you still got em Greggles?
GBR seems to be drilling and finding results @ Mulga Bill, but they ain't really showing it in there share price. Been going side ways since early NOV, and losing ground today on back of announcements of Gold Intersected with their drilling programme, but just not much to show for it. Suggest to me that this may be a futuristic stock. Watch it closely I guess...Assay results from the Side Well Project announced by GBR today are a bit of a mixed bag but encouraging overall. Almost all of it is within 100m from the surface and most importantly the mineralised system continues to grow with each drilling program.
The GBR share price is down a little today, but I'm seeing these assay results as a positive. I think some of the traders were hoping for bonanza grade intercepts and when those weren't delivered they bailed out.
More news flow on the way before the end of the financial year with diamond drilling underway and a 3D IP survey scheduled to be completed shortly.
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