RE: RE: RE: RE: RE: RE: b-s trading today .. with 6.5 more trading days to end of the month, surely this will be my last weekly post before the 43-101??
three points...
firstly, the market response to the legal action launced against GBB has been mute/down. IMO, it's a measure of the indifference the market feels towards GBB and the lack of recognised, valued progress in the 6-12 months.
and seriously, who out there thinks that it's anything other than a potentially very costly distraction at what otherwise should be the turning point in GBB's recovery? so c'mon GBB, make this problem disappear...don't tie GBB's remaining capital in legal wrangling.
secondly, the lack of posting on this board is also very interesting given the proximity to the report. if you get a second, maybe check out which board(s) the more abusive posters here are now posting on...perhaps the strongest indication yet that this board too has been affected by highly orchestrated posting (on both sides of the fence) with the simple aim of disrupting meaningful discussion.
thirdly, i'd like to challenge the assumption that juniors/explorers are currently "undervalued". Relative to what? Look at what is happening to the intermediate space...some great, solid producers are 25-30% off from Feb highs in a matter of weeks. What's more realistic/right? Doesn't matter...the truth is that this state can persist for months, years if the capital markets decide, so how does GBB protect shareholders?
Folding it altogether...don't get your hopes up for a significant re-valuation of the sp upwards after the 101. of much more importance will be GBB management's plan...which institutions can they persuade to support them, how quickly can they resolve the new legal action and how can further, cheap dilution be avoided. Otherwise any gains in the sp will likely be sold off at the next stumble.
Just my opinions, not bashing, just trying to focus folk on what i believe is really important, rather than froth and nonsense.
Long and strong to the one-o-one,
sjm