Guys, The approval they are waiting on is not drilling approvals or exploration approval or any such thing. It is the basic agreement document setting the terms and conditions for all activity by the company. This was unanimously supported by the govt ministers and is just slowly trudging its way for various sign offs. The last company report mentioned this as a given which still needs completion. As such there ought to be no excitement, but the market can see it otherwise. The real fun will start once the geologists and other field personnel get their teeth into serious drilling, magnetics and such. I was guessing we have 2 or more months for this. I think all else is short term drama that won't last.
GTE Price at posting:
21.3¢ Sentiment: Buy Disclosure: Held
