update on company news
The 240k at 90 cents makes me laugh. If you want to sell your stake, hit it at market at 88 a half or 89. For the sake of 1 cent, what is the point of waiting behind the queue? The laughable thing is that the next quarterly report is most likely to announce resource extensions to Snake Well, and provide more information on the Zinc Co spin off. Also, the company has been fielding some ‘large offers’ from other U players wanting to buy out their 25% stake at Heathgate…. Once the next lot of news comes out those 240k shares will get gobbled up like candy on the Rosie O’Donnel show, and will cause an immediate spike to fill in the vacant gap beyond the 90 cent mark. My initial target of $1.04 should be reached on the next lot of news. Another thing, Bell Potter is currently in the process of completing a research report on the stock, which exemplifies the strong interest and quality of the company. As I am not a Bell Potter client, if any one can get access to this report, it would be much appreciated. Absolutely no reason to sell.
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held