Looks like I spoke too soon. These kinds of things happen all the time and it can get frustrating. That is something you have to put up with investing in any resource company The drilling was going like a rocket from last Friday.
I have not received any calls from a few reliable sources that there are major issues. So I assume they are just having delays with some wear and tear components on the rig, as the announcement stated. I will try to find out more on Mon/Tue.
However nothing has changes with the potential and as being an optimist, I look forward topping up if possible. When things like this happen, these are great opportunities to top up. The day traders and short termers get cold feet as most have borrowed leveraged money tied up. So they are blown away by the slightest wave. Usually the long termers have their own cash in this and are happy to ride out any waves. I think this delay will only be very short. Nothing to worry about. Have a good weekend.
GGX Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held