GBR has been quite illiquid till now, which has the advantage of a tight register resulting in sharper swings, but on the downside many larger "would be investors" tend to shy away from illiquid stocks as it is too hard to get set at the right price.
From today we will have an additional $3m of shares (20m) released from escrow. Most of these are held by the top 20 holders who will continue to hold, however some will no doubt be offered for sale creating an opportunity for new holders to get set at these low levels.
I have no doubt the presentations today and tomorrow will trigger new demand which will soak up any of the newly released stock which may enter the market. However I am also surprised that we haven't seen a copy of the presentation as yet, which I imagined would be hot off the press with potentially new information.
We are waiting on gold assays, an update on drilling through the high grade multi mineral neck plus further news on the two recent high grade JV's to the north and south. In addition, I believe calculations in relation to initial maiden resource should also be in progress with results expected in the very near future.
Market cap is now only about $12m including all previously escrowed shares.
