Bought into this in early August (ave just under 2c). Pity I missed the cut-off date for the SPP. Can't win them all. This looks a great play with minimal risk (compared to usual rates of risk in exploration). For me, it seemed simple:
1. Territory is surrounded by successful drills. Proven history in region. I like the location. 2. Strong, experienced leadership team. 3. Leadership team have past success in this game. Like football, so often the teams that are used to winning just keep winning, and those who lose often lose the unloseable! 4. The SPP would keep a cap on the SP until I got in. This was so. Yes, I paid 20% above the SPP price and a few might sell quickly to cement a small profit. However that is outweighed by the fact that the company is now funded for drilling, and there is excitement within the company. The 2c price range, IMHO, will soon be history. 5. As an added safety net, the SP is still only 35% or so above 3 months ago. This really hasn't run yet as the trigger - upcoming drilling - is just in view now. 6. Plenty of samples, so many tickets in the draw! Good odds of a win here.
Once this company starts to move, and I think it will now that the SPP has ended, momentum will get the SP rolling. Good times ahead. This is a slowly waking, sleeping (potential) giant given the SP and MC.
No guarantees. DYOR.
GML Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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