The best companies with decent reserves and grades will get funded or be bought out by the majors needing to replace reserves, while all of the hot dog stands with nothing but hot air and director's options to exercise will disappear, which won't be a bad thing.
Some of the best results seen in Burkina if not Africa shouldn't put GMR in the latter category with any luck. Still looks to me like someone is keeping it down while there is some uncertainty about what they have got. Deeper intersections will be a game changer. The price of gold has to start moving again soon sooner or later which will help matters.
GMR Price at posting:
8.7¢ Sentiment: None Disclosure: Held
