Things are starting to fall into place It looks like the tide is starting to turn with this company. I have been patiently waiting for this to happen and always believed it would. Meanwhile I more than doubled my position at 10 cents. Now I'm loaded to ride this one for a long time.
Aside from the bad market conditions, I think one of the main causes for GBB's slide was the lack of a clear financial plan and the risk of high dilution. That's why I'm glad to see management has finally publicly declared they are looking to start milling some of the available ore on site, and I guess the market likes this as well.
There is no way our shareprice will stay at this depressed level with a reliable cash flow and the recently announced money printing, which will likely create a new bullmarket in gold and the TSX-V.
Todays news release was great, as usual. Just look at hole 393: 0.31 g/t over 300 metres. This hole is situated at the nortern border of the mineralised area (if you exclude the recent northern deep holes). With our nugget effect this is most definitely minable, even more so if you consider the upcoming run-up in the gold price.
Technicals have also improved greatly. High volume close at the highest level in half a year. It took out the 200 SMA and caused an upwing in the 50 and 100 SMA. We won't stop here.
We have a potentially massive minable gold deposit that could be bigger than Osisko's with probably a reliable cash flow in the near term, improved market conditions, an updated 43-101 and PEA on the way, and yet we're sitting at 30M market cap.
Are you kidding me?
Burrito