Van Eck still adding to their position which is a good sign. Total number of shares increased since last notice but their percentage decreased due dilution from recent cap raising. It would appear to be positive that the new shares were issued to different institutional investors and not Van Eck. Keep em hungry for more I say.
Looks like little selling pressure for GRY to go below 60c again. Not withstanding any massive gold price correction downwards, GRY at 60c seems to be a solid base for SP recovery and next major leg up from exploration and infill drilling results, DFS release, resource/reserve increase, TSX listing etc.
Wish I had some spare cash as 60c seems a very safe and bargain level entry point considering all the catalysts to come in the next 4-5 weeks.
GRY Price at posting:
60.2¢ Sentiment: Buy Disclosure: Held
