As per the Mount Muambe drill report 7th June, GBE said that there are further drill results due to be reported in late June. 19 holes for 1,584m, in fact.
So they are OVERDUE.
Note the pause in the buyback over the last two trading days. Like the pause before the financing letter of intent, is suggests the company is in possession of material results which prevents them buying at this time.
I could be wrong, but I think we will see more exciting drill results today, tomorrow or Monday.
Yaq
Buyback seems to have lost steam. There was aggressive buying at the 14 cent mark (which they appeared to be defending). The letter of intent was released, Mark Sumich sold a large number of shares, and since then, the buying has been in much smaller volumes and at lower prices.
GBE Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
