27c valued at 234c before upgrade next friday?, page-88

I hold because I've talked with management, and a few other people, and I can see that in the very least these guys aren't spivving the hell out of this. Consider some of my bogey stocks, the ones I regularly gt moderated on: MXR/FMS, ADY, CDU to some degree (though, they have copper at least).

These stocks trade on nothing but hot air and continued pumping by announcements. MXR is a classic example of opportunistic management getting into the Next Big Thing.

GGG hasn't put out much in the way of an announcement since the last qurterly (the recent cap raising aside). This can be interpreted 2 ways; they are moribund and doing SFA for holders (though, why bother when escrowed) or they are quietly beavering away. They haven't tried propping the share price up with vapid spruiking and useless announcements, and have chucked out a 15% placement at a low price.

They got the project, and then got rid of all their other excrable gold ground. They are in this thing boots and all - either they make this work, or they are toast. You can't put a deposit like this into roduction when you are sustaining trashy, speculative Next Big Thing-esque fanciful projects.

Thirdly, their disclosure is unbelievably comrehensive and thorough for a junior explorer. I've seen quarterlies (ADY) which you couldn't wipe your bum on - 1 page of A4 won't do for me! But here...GGG shows the project warts and all.

This, all together, is something special. Either its n00b directors mistaking honesty for a virtue (you have to be just dodgy enough to make anything work in WA) or it is an excellent way to start off a project and a corporation. Hutchinson getting aboard might say its the former vs the latter.

So yes...I'm skeptical of everything...but as long as they don't get led astray by spiv advisors and carpetbagger borkers who are in it only for a 15% uplift to churn commissions...and as long as they continue the good scientific work, then I'm happy staying put.