Likely he will be forced to the market. A strategic investor looks at fundamentals and there are some control/agency issues with the company structure - and he hasn't brought one in yet, cant see that will change anytime soon. Not a bad thing. Id say it will go below 3c - before rising again on any or all of the following:
Announcement of mobilisation and exploration plans - 45-60 days from now ?
Announcement of capital raise - 60-90 days from now?
Commissioning of some infrastructure - 90 to 120 days from now?
Initial sampling results - 120-180 days from now.
A few entry /exit points coming up. Id bee selling at anything above 5 and buying again below 3.5 ( its certain to get there or below) Happy trading
GIB Price at posting:
5.1¢ Sentiment: Sell Disclosure: Not Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.
