They haven't been drilling for over two months now. They finished the first campaign in just over a month and are about to start the second campaign soon. There was one day in mid august just before the release of the exploration update, where volume jumped substantially in half a day - ASX circa 2.5M not sure of Chi-X. Take of that what you will, but some might think of that as insider buying. Considering this is AC drilling in an area which is under cover you should think of the drilling as the equivalent of surface sampling for an area which isn't under cover. Plenty of operators report surface sampling in low ppb's then go on to drill decent intercepts. It's not a case of it not looking good for these guys, it's a case of having some more patience for a few more assays. There's no point speculating that assays not being prioritised equals no hits. Market cap is down pretty low now, so anyone buying at this price has pretty limited potential loses.
GSM Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held
