key one for me on GBZ short term is we are getting sold down on cash position. two scenarios likely from here:
1. White Dam sale announced this month with enough cash for 1-2 quarters amidst continued twin hills success = SP should charge up nicely as those selling to get back in cheaper on a CR re enters
2. White Dam sale not announced, or announced with terms that do not give any cash = SP continues to show weakness as we have to go to the market to raise capital at an absolutely terrible time
I have no idea which way we are swinging as there is very little information out there on what this white dam sale is looking like, just that something should be finalised in the June Q.. as such, I am "hold" here, could go either way..
GLTAH
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