options exercise

The company indicated that nearly 25% of all options converted where done so using credit card in the last week leading up to expiry. Importance? Well that may explain the reason for recent lows, with option converters using CC using the 55 day interest free period to hopefully sellout at a profit without actually paying for the shares.

The countdown is now on. Two negative aspects on SP:

Absence of a resource upgrade that includes drilling from August - should be a blockbuster with massive increase; and

55 day interest free period, which will end by months end.

I feel December will a bullish month for GCR. Plenty of consolidation, holding a key support (5c), resource upgrades and more drilling reports. Definitely worth a look.