Can't blame some short termers taking their profits, reducing their positions yesterday and today - provides more opportunity for the patient buyers and insto's to replace them.
IMO all remains on track for a positive re rating once the next results come in which must be due any day now.
The GMR facts are - has $8m+ cash in the bank, obtained one of the highest ever grades and meters recorded from first drill results from current drill program at Balogo (57m @ 23g), has one of the largest footprints in West Africa with many drill targets identified from work done to date, is currently drilling on numerous fronts and is backed by a first class management and operations team.
Very well positioned for the next leg up in my view.
GMR Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
