sellers exhausted

GCRs SP seems to have stabilised now after end of year tax selloff. Low volume now with downward pressure seemingly light and deliberate.

Obviously the jury is out on GCR atm. Announcements required to stimulate interest after prolonged period of selling (nearly 12 months). Things to look out for:

Results from field work at Kalgoolie (Mulga Tank drilling for Uranium)

Strategy for drilling at Mt Isa tenements and other QLD prospects

Results from Cargo drilling (must be close to being released)

Proposed drilling at Panama, Wagga Tank (Zinifex farmin), Cullerin (Triorigin farmin).

Apart from Copper Hill, it appears that these are the focal areas for the coy in next 6 months. The Uranium opportunities must generate some new interest in the coy, especially from the U bugs who are cashed up from other U plays!

GC