You won't be missedand no one cares when you retired. What is this, your 4th farewell now?
On a more positive note the GBB chart is looking fantastic. I don't see any reason why we can't stage a breakout closer to the end of the month and test resistane at 60 cents with the accumulation going on here in the 50's.
I was hoping 0.45 would provide a floor but it now seems the 0.50 cent level has which is even better.
Our 15 day moving average has reversed to the upside, Momentum was treading close to all time lows below the 50% level during all of March and has now moved into a momentum profile we last saw when the stock touched all time highs near Christmas.
Once the 50 day moving average reverses and we break through resistance at
.60 our last ceiling we should be able to come back and test old highs just in time for an anticipation run-up of our 43-101.
People that don't believe the 43-101 will have a huge impact just look at Copper Fox Metals - V.CUU trading for the past 3 months.
Their Resource Estimate was expected at the end of March and so sellers dried up in January and the accumulation began, it's now tripled in less than 3 months from
.90 - $2.70 and there's still no Resource Estimate - this is all people wanting in before the material change as they know they won't be able to get shares under the $2.50 level once big boys crunch the numbers and catch wind of the news.
GBB will be the same way as no one is going to be flipping this thing for under a $100 million dollar market once late May rolls around and a 43-101 is on the way. Unless you truly believe giving away gold ounces for $30.00 in Quebec when we're trading at $1480 spot price as we speak is how to invest.
BMR may have fallen out of love with GBB but I'm longer than ever and drill rigs are of no concern to me at this point. The last thing GBB needs to do is throw 2 more drills on Granada right now and up their burn rate to $1.4 M a month when we have under $8 M in cash right now. What Frank I would assume is trying to do which is very smart is avoid any possibility of ANY further dilution prior to 43-101 so he'd rather wait to get a 43-101 out before upping the drills yet. We're still on pace for completing 100,000 metres in our first year and a half of drilling which is perfectly fine with me for a very grassroots play like GBB is at under $75 million dollar market cap. Other companies like Volta, Orezone and Trelawney can match those drilling expenditures but they all have one thing in common - about 300% higher market caps than us currently minimum.
When the 43-101 comes Frank can issue shares over a $1 and get us some RC drills from the new director just in time to start a new 80 - 100,000 metre Phase 4 program to better grill for grade and keep going for strucuture out East with the main drills.
Exciting summer for GBB ahead!
Great to be long!