Perhaps the most significant thing about this trading halt and the ann by GGG is the fact that this deposit is in Greenland, not Australia. So with the approval, a source of U is right at Europe's doorstep. Bingo.
The fact that GGG is also a rare earths player is just icing on the cake right now, and it will be interesting to see both the content of the ann and the timing of its release. The build is non-existent at this point and the sp may go anywhere. Let's keep in mind that GGG rode up to just under 1.10 on the back of the rare earths bubble in late October. This could be far bigger and not just a bubble.
The Aussie gov't can't get its regulations all over this one, can it? Depending upon the detail of the ann (which may come out sooner than Wednesday, let's face it...) this share could go anywhere. Europe won't wake up to the news for another six hours or so and the US won't trade until tonight. I'm glad I am a holder of this company. I bought it precisely because of the combination of rare earths and the possibility of Greenland's government granting approval for mining uranium. Ah, the sweet smell of impending success. I'm considering grabbing a bigger position right now, just in case the pre-Xmas sleepiness keeps the sharp eyed predators away when it does open.
Interested, as always with contrarian opinions. Why wouldn't this share go up now? Hee Heeeee.
ST
GGG Price at posting:
83.5¢ Sentiment: Buy Disclosure: Held
