woodchips...
No changes to my previous views yet.
The dust has not ecactly settled in my view...we have yet to see a significant spike in YRR that meets serious resitance, then subsequent retrace to find a floor with equal resitance.
Until this happens, the dust is far from settled in my view.
Admittedly however, the run on YRR looks like it may well continue next week...if so, GPN may start to look a little cheap at current levels?
The limited YRR stock in the free-float could well be vulnerable to majority "collection" and subsequent push to significantly higher prices...regardless of the fact for the value equation.
In spite of this obvious impact on GPN's value, the immediate fear for GPN right now however is that someone looks to be executing an exit strategy, as such depending on who and how many shares are to come, GPN may well sit at these levels (or lower) for some time, regardless of what YRR does.
In the interim, I suspect YRR may offer the greater returns.
Cheers!
GPN
greater pacific gold limited
