timeline of activity

Lets look at the timeline of activity.

1st of December IGO/GSE/BHP signed a JV to explore in the Eastern Musgrave Block.

7th of December GSE began drilling at Mary Kathleen.

27-29 December the sp rose from 4c to 20c on no news.

25th January Gse released drilling results from Mary Kathleen.

16th February the Completion of the East Musgrave Project JV Agreement

19th and 21st March we had directors buying on market.

23rd March 200,000 fully paid ordinary (IGO) shares were allotted to Goldsearch. Worth about 1 million.

Conclusion.

The sp rise was due to the JV (BHP/IGO) considering the drilling results from Mary Kathleen were oridnary.
Since that run the sp has not crashed, so one can assume that the sp rise had nothing to do with the Uranium, this only fuelled the interest in GSE.

The JV was formally singned 16th Feb. Tick 1
Directors buying shares. Tick 2
IGO transfer 200k shares to GSE. Tick 3.

Following this timeline the next announcement should confirm the granting of native title from land owners.
Every logical step has been taken except the confirmation of native title. I assume from the timeline of activity that this has done.

Otherwise BHP would not have signed off. IGO would not give away 200 000 shares.

Now we patiently wait.