I agree that GMD will not be doing anything much at present. They may perhaps increase holding to near 20% as a block. The interview with "Fisty" linked here recently included the possibility that GMD would be looking at Focus and Magnetic near Laverton to feed the old DCN mill at Jupiter.
I am not sure about Magnetic as they are over valued for what they have, whereas FML have been doing nothing fo some time and are sitting on approx 500 K ozs on granted mining leases. A few years ago they were plainted for not expending on their leases. I know the guy involved and it cost them a tidy sum to make him go away but they don't appear to have done much since either.
I expect assay results to be a weekly event for a while as they are using photon analysis which has a quicker turnaround than traditional fire assay as well as the sheer volume of assays they are sending to the lab makes our company a priority.
Gold nudging 5k south pacific Pesos today so onwards and upwards.
GG8 Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
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