Share price has two enemies ...no news and bad news, the chart is certainly reflecting an expectation of some good news ie: a gap up in price and price holding above that gap in a tight range (this is pretty bullish)
However if everyone is a dead cert that this news is coming and it will be great news then where are the new buyers going to come from..as everyones already long....particularly the smart money below 016.
GMC Price at posting:
2.2¢ Sentiment: Hold Disclosure: Not Held