Club Mulgoa

Friday, February 18, 2011

GGG

On a day when it announced a new lode of REE and uranium, the share price went up. But when you look at how thick the deposit is, you wonder why the share price only went up... a little bit.

You really wonder how does the market value good announcements. I have very little spare cash for topping up. AGO has fallen back, most likely from GIR investors taking profit. I will wait for the dust to settle before doing the same. It is a well known fact that AGO itself could be a takeover target so I am only selling some to re-coup my capital cost for GIR.

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