Fabulous daily & weekly candle chart - has closed on all time highs & has moved solidly the last few days - IMO something is, maybe drill results coming in. I have previously posted this info:
GIR is GROSSLY undervalued. What is interesting is that they are spinning all their U leases into U308, BUT they are holding onto the Lake Frome/Beverley leases. This speaks volumes to me! Their L. Frome EL's are a stand alone "company maker!" These leases are MASSIVE! They include large blocks of uranium bearing land: 1] below AGS, 2] below the Beverley mine 3] To the right of & above Beverley mine
They have same deal as Heathgate, have already hit economical grades of uranium & drilling is continuing now.
Interestingly, I was doing some reading about them. Evidently during the "dot-com" boom, they went on an accumulation binge, buying up exploration leases cheaply. (If anyone is interested have a look at the map on their websit for details) Hence, the vast amount of EL's they have been able to float. They still hold a swag of them too! Hats off to smart management who were then willing to pass on benefits to shareholders.
cheers
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held