Upon reflection GBR have been very clear with their current strategy, and I think in the current market we cannot get hung up on the price of gold, and the little to no impact it has had on GBR. Those videos are a great reminder of WHO GBR are and the potential we hold.
- If we want to ride gains of the gold price, we should be invested in a producer NOT an explorer. - Albeit the last few months have been frustrating, AP was clear about cash burn concern and limiting spend during the first half of the year. - He makes direct reference in the video to doing this to time the market with the gold price and future news flow in the second half of the year, when they expect money to trinkle down to the explorers after the mid and large tier companies have exhausted value. - As mentioned above, yes we have tested actually a small area with excellent results and significant future exploration remaining, which WILL make the company it will be. - Yes, it would be nice to have some direction on mining etc.. however the direction has been on exploration as they believe there is significantly more gold so want to unlock close to full potential before going down the mining phase and capital raising, partnering etc around this.
Long story short... pay day on the 15th. Might buy more.
Have a great weekend team GBR.
GBR Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
