I'm going more by the chart than the fundamentals on this stock...

I'm going more by the chart than the fundamentals on this stock - though I can't help but like the look of the fundamentals too.

The gaps in the chart this year (16 january and 15 february) are a bullish signal.

Volume has picked up significantly in the first two months of this year - another good sign.

Huge resistance at 24 - 25.5c has been tentatively breached; that was a big clue that the buyers are dominating the sellers.

GMR now just appears to be consolidating, gathering strength for the next upward leg.

All in all, I think it's very much on track - downside should be limited for the time being, and I won't be surprised to see it shoot up to 40c pretty quickly.