On the 18th of may at the general meeting there were 2 investors turn up. My mate was one of them. He came back extremly happy and excited with his investment. GNI were very confident and gave a detailed description of what is going on. GNI then invited them to a broker presentation in the arvo.
GNI mentioned the directors are buying shares. The message must be starting to get out there, as the share price is heading in the right direction in a very ordinary market.
At 3.5c the market cap is $7.4 million. Thanks to Zulu Capital for providing funding. GNI could go 6c plus in June. In June 2010 GNI was over 6c and one year latter GNI is about to embark on a fully funded more professional targeted drilling program.
The wise-owl.com analysis "Drilling to Resume" dated 9 May, 2011 is spot on.
GNI Price at posting:
3.5¢ Sentiment: ST Buy Disclosure: Held