Absolutely get your strategy of minimising risk and waiting for the announcements of good news. Just don't make as much money as when everyone is nervous beforehand and the SP is low. SP momentum usually tells the story and it's definitely moving up on large volumes. The big shareholders have been massively adding to their stakes at these low levels even after taking up the placement @ 30c so I'm guessing they're no slouches.
GCY Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held