There seems to be so little happening with this stock - and little traded volume. Anyone who wants out is pretty much forced to sell at whatever price they can get.
However as we know their NT tenement surrounds RCP's - and is massive compared to the RCP tenement. RCP also seem to be going all out to get access to areas which are nearest to its current tenenment and border GLM's to the north west.
For me holding GLM is really about patience and the opportunity cost of putting the funds elsewhere. Any price movement could be dramatic - but still very speculative IMO.
It would almost make sense to me for RCP and GLM to merge.
GLM Price at posting:
4.0¢ Sentiment: None Disclosure: Held
