RE:RE:RE:RE:Most active stock in venture withWell, not an easy answer...You should definitely obtain a confirmation from the company about the 1-2 weeks news release on resource update, as they have not been that precise lately...
Pros:
-stock is really low and we all drea about its potential;
-Can the stock go that much lower (risk/benefits)???
Cons:
-Not sure about the timeline;
-Sell on news type of reaction at least in the last year;
-Not sure if the resource update will influence the stock that much (more likely the PEA in XX months);
-Management factor: Simon mentioned in March 2014 that the PEA would be out by May 2014. He is either an amateur (as now GMA seems to mention that the delays are normal and can you be off by a year really???) or the qualified persons simply refused to sign off on a piece of paper that needed a lot of new work ( Is this the reason why they hired a chied technology officer?);
-The person responsible to contact the shareholders and give details about the update does not seem to hold any shares. If it is the case, one must wounder: if this company was so great and with unlimited potential why would someone hired last year would refrain from buying any shares at 0.16$ ?
-The last person that bought shares on the market at GMA was an employee that is no longer with GMA (Emily Roy) and it was in 2014. This is not a big show of confidence...
Most of us have obviously entered at a much higher price than 0.14$. Given the circumstances though, it is difficult to recommend GMA without big word of caution...
Moulouk