200 dma broken

The last two trading days of 6 and 5 mil volume each have taken GCR above the 200 dma for the first time in a year. This is on the back of deals that have acquired uranium and epithermal gold prospects in Australia and Panama.

The last time GCR went through the 200 dma the SP went to 11c in very short time. The driving factor at that time was Copper Hill, which still remains a potential producing prospect particularly given the POG and copper.

Can GCR maintain its position above the 200 dma? Factors in play now should definately take it higher if good results flow soon. I think the current drilling program at Mulga Tank WA for Uranium is the catalyst! Results when - who knows given analytical backlog, but onsite spectrophotometer recordings would give indications of radiative material hence something to report in short term.

Patiently waiting.

GC