GREY:ETPHF - Post by User
Post by
Kantenahon Dec 12, 2011 3:26pm
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Post# 19314331
Good, but not good enough for me.
Good, but not good enough for me.Some decent early results but I have to be honest and say that I was hoping for more. Grades are acceptable in a couple of holes, but like Allanna, they have not yet found an adequate and consistent thickness in the deposit. Lack of consistent thickness may prove to be the achilles heel of everyone in the basin.
Therefore, I have decided to cash out at 63 cents and wait to see what the new year will bring. We will likely have a few weeks or more before there is any more news. Based on the information that was released today, I don't see any big catalyst for short-term price appreciation, so I'm not overly concerned about missing a big run.
Given the strong macro-economic headwinds, I'll sit on the sidelines and await my next entry point.
GLTA
-K