re: is this getting exciting in the absence of news ...speculate.
I think we have to ask ourselves what is the main motive CR and Co. (whoever they are) in gathering together 20% of GCR.. Control? own develop, run a gold mine? make many times over their investment quickly? long term? short term?
I cannot see them trying to simply double/triple their money. Any effort to sell a substantial % of their holding into the market would crucify the sp at 10-20c. So assuming that good news comes out which pushes sp higher I do not see them selling ST.
They have invested $5m. To me they are there to make ALOT of money. I see them taking this to a predevelopment stage where they can then deliver GCR to one of the majors who would like to increase reserves. Whats GCR worth at that stage if it gets there.? 20c ?50c? $1? I do not know. But I dont think they are there to pick up a few cents.
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Mkt cap ! $2.194M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 1272784 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 10105677 | 13 |
View Market Depth
No. | Vol. | Price($) |
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2 | 1272784 | 0.002 |
13 | 24029794 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 10105677 | 13 |
0.004 | 415000 | 2 |
0.005 | 1030752 | 2 |
0.008 | 1319381 | 2 |
0.010 | 1106945 | 2 |
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