Climb Climb Climb!
Slow and steady, I like it! I'm sure I'm not the only person. But, watch out for that drop. Last time we hit $2 we dropped, but the recovery has been very nice. Imo $2 resistance looks to be lower now and we should see GRB passing this point.
For instance, GRB is beating the TSX Renewables Market and the S&P TSX Index today. And I believe we will see more of this steady growth.
I suspect the hard floor is ~$1.70, soft floor being ~$1.85 with a new floor being $2.00 shortly (unless we get some discouraging news). After hitting a bit above $2.00 we might see a small drop but I expect it to recover again but even better.
If we don't get news by February, this may also cause the stock to drop, but I will personally see this as a buying opportunity (as long as it's not too high $3.00+ is beyond my comfort zone until we get more news or consistency at that higher price).
I expect we will get good news by Feb. I'd be comfortable buying at $2.50 and expect the stock to grow to this point, and past $3.00 easily upon firm confirmation of project start date.
I've said this before, but I believe it's even more true now (buy the dips, and hold), especially if GRB maintains this stable growth.
If GRB has more long term delays, (historically this has dropped the stock from $4.00), it may drop again. But since then GRB has affirmed a much stronger position imo. I imagine in this case we could see a V recovery. Leaving many people selling during a drop (at a lower price), unable to to buy back in (lower then their sell price).
Please note, this is my opinion. Remember that this is an investment in the future potential. Best Luck, but DD is always better!