GMD is an interesting one
I don't beleive they have confirmed drilling to the market as a whole just as yet
their last announcement was pretty vague and only implied that drilling was to commence in December
a few people have confirmed with michael though that drilling has commenced
next announcement definately won't buy a case of buy on rumour sell on news case
as we don't know:
A) how many holes or how deep on each they are going
B) when results will be released
C) the grading, depth and width of the hits
think the next announcement will come from left field sometime in the new year and catch alot of people off gaurd as it seems only a few of us hold bags at the moment.
IMO this isn't necessarily a bad thing as people will have to pay premium on open to catch the run rather than being able to dump into the news :)
an interesting one
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