I agree. The latest ann indicates that they have cash on hand and access to a finance facility (or am I misreading it). It would appear that they have sufficient cash to establish the necessary infrastructure to carry out the Malolos testing.
Its understandable that some selling pressure occurred yesterday. Need to remember that the last CR was at 3c so the ability to pick up a >25% profit as a result of the recent rise would be attractive to some.
We are sitting on a potential massive resource. We have a tightly held share register, experienced management with significant skin in the game, good access to infrastructure/transport etc, and our own rigs on site for future drilling.
And then we have France.
Someone posted recently that this may be the best performing stock on the ASX this year. Normally Id dismiss such a statement as the nonsense that it usually is as outlandish forecasts and unsubstantiated ramping annoys the hell out of me. But in this case............
Im still accumulating.
GGX Price at posting:
3.8¢ Sentiment: LT Buy Disclosure: Held