short term trading - week starting 8th oct, page-4

Freehold, great thread - developing nicely.

GSE - Friday saw real gains and a break to the upside with the 50% intraday move on volume, closing up 40%. JV with CYU. Market cap of GSE still well under $10M, with close to $1.7M cash and cash equivalents. Previous raising at 1c went mainly to top 20 and a fund manager I am told - so not concerned about loose stock, as very little for sale up to 2c. The real potential here they have already advised:-

- JORC update imminent
- Resource to 800m, results show chance to 1,200m (mine potential)
- Drilling underway, takes 6 weeks

They have advised the market there WILL be a JORC update. The previous JORC didn't include the 109m at 2.13%Cueq I believe. Remember this is only for Elaine 1. There are numerous hotspots.

Also understand that independent research is underway. The analyst should do well in breaking this down and explaining it in layman's terms. Increased coverage and distribution should also see a bullish push.

Target 1.7c - 2c this week if research complete. Further push to 2c - 2.3c pre drilling results