There is a long standing JORC resource for Abenab and there will soon be one for Nosib. Nosib is from surface and probably first to proceed as an open pit mine. There is every chance of extensions and repetitions at all three mines. A new repetition or extension could be more like the original bonanza grades and very profitable.
I sold my entire holding in GED near the top last week. With the expectation that the shares will trade below the cap raise price at some point in the next month or two. I don't hold any other shares with projects outside of Australia so for me GED was unusual. If it drops I will look to buy back in. I really think it is worth 4.5 cents per share or more but trading seemed sensible for me at present. If Jon Dugdale is there I feel confident that he will be able bring out the best value for shareholders. If he ever left I would be seriously reconsidering the opportunity.
GED Price at posting:
2.2¢ Sentiment: Hold Disclosure: Not Held
