'This basically means that there is plenty of supply at lower levels by stale bulls wanting to exit (as well as traders who accummulated lower down) and only if there is a large buyer around will the price move up.'
both propositions are a stretch for me loki.
if you look at the trading history of the re-rates of similar asx listed offshore gold plays like AZH and GRY then once these kind of stocks build up momentum a feeding frenzy starts, and turnover goes through the roof from multiple buyers, plenty of them DT's.
the broker reports will start in a few weeks when they get back from holidays, that's when the real leg up will start with stellar results like 53 metres at 23g/t.
GMR Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
