Santa Barbara Resources Ltd V.SBL

GMP liquidating

[Presclubs]

Just had a look at this today.  It's just one house liquidating a large position.  We will never no why, could be taking off their books   I will wait for the drill results, Rio knows exactly the geology and is complementary to their operations. They basically did it at 8 cents without the resource drilled.

Good risk reward for me.  I have a good position, but if they drive it down any harder I will add

[moneymaker75]

If people are worried...I would check if GMP is liquidating any other similar positions. More likely than not, it's another precious metals fund that has blown up and needs to liquidate positions as people are making redemptions. This will happen a lot across all stocks as we are heading towards tax loss season and it's been a BAD year for shareholders and PM funds alike. The irony is they