Been watching for a while, and the last announcement for me has derisked the project enough for me to jump in. So bought in yesterday, too high as usual!
Thursdays rise has generated a lot of big boy attention.
It was heavily manipulated Friday.
Big boys driving the price down.
Millions of fake orders on the buy side which get pulled in the blink of an eye.
Retail left wondering whats going on...
They are accumulating, but pushing it down to buy on the cheap,
Bet the downrampers will appear out of no where now!!
Having said that, the pullback yesterday was not unexpected, and just a minor speedbump in the grand scheme of things.
No worries, the next 9 RC assays should blow them out of the water anyway, with the AC and DD to follow, as well as the seismic survey results within 2 weeks. They are being interpreted by Dr Scott Halley who is a Gib Maitland medal winner and a highly respected geologist and geochemist.
So plenty of news flow from as early as next week.
From the PAI interview with AP, those last assay came in Tuesday night, so we should be expecting the next assays to come in Sunday/Monday, with a steady stream after that for the remaining 9 assays. The RC program was 15 holes and only took 10 days!!! He also said there was RC drilling continuing last Thursday...scissor holes to further define the HB lodes. Then a 63 hole AC program to the North and South, along the Bismuth runway of 120m, their best indicator of mineralisation, trying to grow the strike to around 5KM's. So possible 5km x 120m....
That's a confident MD. He senses he is onto something here, and is now trying to grow and model the resource, just as DeGrey and Chalice are currently doing. And you can see he is genuinely excited. Not only by Side well/Mulga Bill, but also by Whiteheads, which will follow straight after with another AC program starting mid September.
I had a deep dive into the data last night, and it looks good. Sorry, I should rephrase, promising.... Lots to like here, and to my amateur geo eyes, looks like the start of something...very early stages of something big.Outstanding, bonanza level grades, with decent widths, from historic and current drilling.The strike length could very well grow, as well as mineralisation at depth. At this stage, certainly looks to be heading in the direction of a commercially viable deposit.
(BTW, I think they should also explore west from hole 34 along the dyke. High mineralisation has been found and could follow it. The cross section diagram in the last announcement seems to support this)
I must also agree with a few of the posters here, it certainly feels like DEG(AU) or even Chalice (PGE) in the early days. Have a look at their charts, and we may follow the same trajectory, as we prove up and model the deposit(s).
By the response of some of the posters here, management are well regarded, which is always a plus.
And, I have never seen a board with so many geo's on it .
6 of the 7 members are geo's, with over 120 years experience between them!!!
Only the company secretary isn't. I like it...
MC of 56.8 million, with around 355 million soi and 6.7 million in the bank. Plenty of room to grow.
So GBR has a lot going for it.
With the current aggressive exploration program, lots of newsflow, cash in the bank, a great management team full of geo's, and the signs of a major discovery emerging , they seem to be well on the road to becoming yet another WA gold producer.
Bonanza indeed...
Not financial advice.
Good luck everyone....
BTW, check out AP's twitter feed below, especially how he was originally going start the latest announcement. Holy S..t!!
Lots of congratulations and validation from MD's and geo's around the country.
