I agree with you that GBR at less than $0.08 is a very attractive buy - low risk with good potential upside. More patience will likely be required as value is added incrementally via drilling, resource upgrade. scoping study etc. IMO a takeover will come, it's just a matter of time and investors need to factor in the opportunity cost of the hold in the meantime. I've been adding and GBR is now my largest holding. Having said this, I can understand that my strategy would not suit everybody - I'd rather hold for an extended period (sometimes years) in the expectation of making say 50-100% profit (with what I judge to be limited downside), rather than invest in stocks that have multi bag upside but also significant downside.
GLTA & DYOR
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