Great post BurpitCompletely agree with you.
$1.50 for GBB is still cheap and a take-over will be multiples of that price the longer companies wait to take them over.
If you believe in the gold story and think it will trade in the $1450 - $1575 range for the rest of the year then GBB is an absolute steal at these levels.
3 million ounces of gold in Quebec is worth a minimum $200 million dollars with a deposit that is open in all directions. While retail may be happy with less I know that Frank is aware of the extent of the deposit and wants to build this deposit into a mine. I believe patience will pay off in spades for investors waiting for the new drills to hit the property. Exploration is being conducted at a nice pace currently but with 2-3 X the rigs on the property this play is going to get a lot more attention.
And you gotta love the manipulation at the end of the day..typical.
| 15:57:42 | V | 0.47 | -0.015 | 500 | 2 RBC | 7 TD Sec | K |
| 15:57:42 | V | 0.475 | -0.01 | 500 | 85 Scotia | 7 TD Sec | K |
| 15:53:29 | V | 0.48 | -0.005 | 1,000 | 79 CIBC | 33 Canaccord | K |
| 15:53:29 | V | 0.48 | -0.005 | 1,000 | 79 CIBC | 33 Canaccord | K |
| 15:53:29 | V | 0.48 | -0.005 | 1,500 | 79 CIBC | 33 Canaccord | K |
| 15:53:29 | V | 0.48 | -0.005 | 1,000 | 79 CIBC | 33 Canaccord | K |
| 15:52:02 | V | 0.485 | -0.005 | 50 | 57 Interactive | 36 Latimer | E |
Just gives me more time to accumulate so can't be too upset.