Yeah looks like the case, I was going to buy in, but decided to watch the action geologically it looks great, but on the sell side they were dumping it in thick and fast at 4cents, I would say they are clearing out to restock lower.
I have seen GTT operate for a while now, I was a holder of PLP when they were exploring for copper in peru, GTT came along took over did a .005 raise when we were above 1 cent at the time, then they did another raise to themselves at 1 cents when the share price was over 2cents.
They aren't a company that seems to actually want to build a genuine resource company, by looking to eventually build a mine, they seem to just want to make money, from my experience they do a raise pump the price dump all their stock, then raise low again pump it dump all their stock, rinse and repeat.....over and over.
Great announcement for what it is very cheap, but I am personally very reluctant to get involved with anything GTT venture are involved in.
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