I am holding on in anticipation for the revise resource upgrade, judging from the announcement this should be a price catalyst for GGG. The market is hot for REE and Uranium of which they have both. A good strategic long term play stock we are holding here. I assume it will come soon? Charts are still looking good in a nice uptrend with MA, MACD indicating a bullish trend.
Extract from the 5th of May 2009 announcement:
"Incorporating the 2008 results into the existing resource database is anticipated to have a significant impact on the current stated JORC Inferred Resource of 215,000,000 tonnes at 1.21% rare earth oxides, at Kvanefjeld along with other associated multi-element “by-products”.
The company expects to have this update to market as soon as this process has been completed."
All the best to all holders
LM
GGG Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
