I've held this one for a couple of years now and the trading of it over the last week has been very unusual to say the least. As far as I know they don't have an active drill campaign atm and from the last quarterly the only field activities were soil sampling in W.A. If it is inside info I doubt very much that this current market would get excited over positive soil samples :D. The GES bid hasn't come to fruition as the only hold 12% or something like that so I don't think that is a reason either. My best guess is that people have simply identified it as being well undervalued as a gold/copper explorer with a commanding land position in an historically well producing gold region. A lot of money has been flowing back into the lower end of the market with the recent successes of SIR, ENT, KDR, BUX etc. Not trying to downramp just trying to understand the reason for the sudden upturn in volume. If any other holders could shed further light it would be greatly appreciated. Cheers.
CLY Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
