Redbank (RCP) previously (RBM) are going to announce drill results Mon or Tues on their ERL94 drilling programme. Currently in halt pending this announcement.
ERL94 is 20 sq km but is totally surrounded by GLM's EL10335 (1524sq km) tenement - which is part of what they call their Wollogorang project. Check out the last annual report or AGM presentation to see the picture of this.
RCP has gone for a bit of a run recently ( I suspect mostly daytraders in anticipation of drilling results). However if the results are good, I would expect some positive flow on to GLM. GLM have made previous announcements stating their tenement position when RCP/RBM have had good drill results.
I also hold RCP.
GLM Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
