Nine lives, again many thanks for your technical analysis. I totally agree with your technical view and the chart on this says we could see GBG come back to around 0.24 cents. However, I am not so sure that selling them at current prices is rewarding enough if the downside is 3 cents from here. The bounce could be quite considerable as we get closer to April and the company meets their production targets. It feels more like a final shakedown to accumulate cheap shares before leading it move higher. A close above 0.27 would be very positive.
GBG Price at posting:
26.5¢ Sentiment: None Disclosure: Held