I think the "big dumper" theory is being over played. There are other forces at work. Yesterday 147 trades- 1.9m shares, so far today 40 trades- 415,000 shares. High volume small trades suggest short term speculators are the primary movers behind the SP.
With the release of good drilling results the project has come to life, but as yet is not sound enough to attract serious investors. More is needed I.e. further mineralisation confirmed, a Jorc , etc. Yesteryear investors would have come on board by now, but with the advent of electronic trading short term speculators have far more opportunity to kick a stock around than ever before. Hence serious investors now tend to stand aside longer until the stock beefs up it's credentials which in turn makes it more "speculator proof." Makes sense.
Once Gte reaches that "resource satisfaction " tipping point, then investors and brokers will pile in. Be a bit patient. More work still needs to be done. Prospects are outstanding.
GTE Price at posting:
11.4¢ Sentiment: Buy Disclosure: Held
