Club Mulgoa

Saturday, August 27, 2011

GMM

The drilling has started recently. Soon, you will know whether it is pure hype or real phosphate. This one is a calculated gamble. If the discovery is good, the share price will leap. The Russians have been near there and uncovered deep potash. This deposit is near its market... China.

What is sad is how low the share price has plunged. Sad? Sad, that I am suffering a loss but glad that I can top up as soon as I have spare cash. I don't think the result will be coming out soon; maybe another month.

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