Just my thoughts on the volume - selling since holes 4 & 5 announced.
Hole 4 completed announcement was another shambles of GPP's reporting skills and just when they were getting better, although it was only a subtle mistake and well picked up by
@Stregazza but it was none the less a mistake.
How much did that impact the share price - no idea.
Hole 5 was pretty much what was expected from commentaries of more knowledgeable posters, but the pictures tell a story.
In all honesty, those pictures do not paint a pretty picture, I know it is the wet season and it will make skidding the drill to pads and drilling difficult but its the long term overall picture that could be concerning. It highlights the terrain a little more in depth (yes we were all pretty much aware it was jungle) but the ridge is higher than I actually thought, which lights up the thought processes:
1) There is going to be some considerable overburden to remove?
2) The current tracks will need to be substantially upgraded to accomodate haulage trucks even for dry weather
The logistic viability will come at a later time but it sure doesn't look like it is easy going there at the moment but in saying all that, if only they had pulled their fingers out earlier and move to drilling in the dryer season but MEH.
Could it also be that announcement after announcement the company were promoting the rival to "Greenbushes" and "Pilgangoora" regions, district scale etc etc but in the latest announcement were King says " ... drilling provides valuable data for Geology which really makes the district scale rival statements as a bit of .................
But what about a conspiracy theory ..........
With the lack of close up visuals on the drill cores, or "whoever" the Geo is on the ground at Turesi not putting his name to any reports maybe GSM don;t like what they are seeing and have started to sell off their shares?
Food for thought
All IMO only
cheers
