I honestly feel that management are holding back on the resource upgrade.
Why
1) In late April they released the quarterly and it said the upgrade would be released in April 2009. That left only 1 day to release the upgrade. If management are as good as they appear, its a very bad mistake. It has now been more than a month since that quarterly so they must have the results.
2) Read the update to resource statement in May 2009. It only mentions the REE. There is no mention of uranium in the announcement so it was a political issue. Also makes sense to not release upgrade which would include a substantial amount of uranium.
GGG Price at posting:
48.0¢ Sentiment: None Disclosure: Held
