Snouty.. For a while now there's been mention of extra tenements.. Mongolia being so diversabiably resource rich, imagine what these extra tenements could contain.. Rare earths, precious metals, or even fossil fuels could be on the cards.. And on Chinas back door!
Now I think from memory this will be Mongolias only mining company on the ASX.. For those that don't think all this is big think WA 20 years ago.
In the next week or so we should be told of what's in these tenements and how much.. But Richard being as connected as he is I'm expecting something extra..
Also one other thing to consider, in this market people/traders are looking to defensive stocks.. IMO GCN has again recently proven that.. This coming news should add to this!
GCN Price at posting:
3.0¢ Sentiment: ST Buy Disclosure: Held