GTE 0.00% 2.8¢ great western exploration limited.

Nice post, thanks for the leveling thoughts :) I've been doing...

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  1. 2,764 Posts.
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    Nice post, thanks for the leveling thoughts

    I've been doing some research tonight and after reading some negative posts with regards to the company's recent / past performance, i keep coming back to a quote my boss used to say when i was apprenticed ... "even a blind chicken finds a grain of corn."

    I held GTE when they first listed, took up the 'loyalty options' , sold too soon (maybe made it to $1+) and didn't get back to GTE until this morning.

    I have no idea about what has gone on with GTE over the last 10 or so years but echo pinto's thoughts about the early stages of BRB. I even went back to some of BRB's 2015 ann's this morning to confirm my thoughts. (August 2015 - now those values may not look impressive to the layman but we have to remember that this is early stages.)

    Now, i'm not saying that this is going to be the next great find but, on probability, i'd suggest it's worth an educated punt that GTE may have something worth more than a WITS2 wannabe. With luck, we may make it to ~5c before we get a CR that is obviously required, especially if this morning's ann is the real thing.

    I did like the initial read of the Ives Find results (albeit 6kms away).
    I also liked the halt in drilling to await results before progressing.

    I see that in the last quarterly GTE have only $1.8m with an expected spent of $780K for the next quarter. If this mornings ann is a real deal, no doubt they will raise sometime in the near future.
    As i said in an earlier post today, the soil geochem's from about early July this year looked good ... as did their ann (5th July? sorry it's late). Gold at surface, virgin territory, 80+ nuggets found at surface in the last year ...
    At this price, it's worth a small investment to see what the next results may bring imo.

    I can also say that as a result of my research tonight, i can see that several more tenements have been applied for but yet to be granted.

    Make of that what you will. We are at the 'bottom feeders' end of the mineralogy market so progress with caution.

    Perdy
 
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