'We have initiated coverage of GGY with a Speculative Buy. The company has assembled what appears to be quite prospective uranium exploration acreage in the prolific mining district of Mt Isa. We also regard the company's technical team highly, led by MD David Richards. It offers tremendous upside, given it's market capitalisation is only $8m, which compares with its larger and more advanced Mt Isa neighbour, Summit Resources (SMM), with a market cap of $110m"
This was written prior to fridays annoucement by GGY (to the market) - the director topped up on the 28/09, with more share buying (two days prior to announcement) - interesting times ahead.
The price appears to be lagging today, but Public holidays in NSW, WA and SA - may explain some price lag.
Judge
GGY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
