RE: If news is upcoming that would explain the I also believe the shares are being kept down by the methodical approach to not release results from the first 2 holes. I know for a fact that the labs are not backed up in thunder bay, since i have been assaying volumes of soils and rocks the last two months and the turnaround is 2 weeks on rocks and 3 weeks on soils. GTA has 6 holes done since they re-strated their drill program and have been sitting on results from the first two hoels (or more) for a while now.
I believe they are now going to wait and release the six holes in one batch, rather than 1 or 2 at a time. We all know that no news makes investors sell, and the shares of GTA should slowly erode over the course of 4 to 6 more weeks - maybe back to 60 cents (it's previous drop). This low level will allow insiders and others to pick up cheap stock before a pending release.
Meanwhile, the area is intensifying. Strike has been drilling for 10 days or more and will now have 2-3 holes drilled and visually inspected. Players, such as Bard are sitting on recent high-grade gold discoveries and contemplating future plans. Newer entries into the camp, such as Windfire and Ashburton are preparing work programs. Others that have purchased land have yet to announce their acquisitions but will be forthcoming shortly.
There are not many mining plays that I know of in the country that are gathering this kind of steam. There are going to be lots of opportunities to make a pile of money in Schreiber over the next year. I am confident of this because there are dozens of high-grade showings over a large area in Schreiber that haven't seen any modern exploration, which will provide the market with lots of exciting news. It will produce better results than the Hemlo camp did for juniors that had property near the Hemlo discovery, since Hemlo was buried and the 300 or so juniors that acquired land in the Hemlo camp in 1982 didn't drill or trench enough rocks - mostly airborne and phase one work and walked away, so the area outside of the deposit was a dissapointment. This won't be the case in Schreiber..
I can feel the momentum building here. Gold is strengthening, the major mining gold stocks have started to rebound, i saw some financings go through this week (encouraging) and most importantly the Schreiber camp is now attracting many entrants.
Good times ahead!