GTE

On a day when the ASX 200 fell by 3.5%, one stock stood out like a beacon. There is no recent announcement of significance. Yet why did it rise by 4.5% today?

All around GTE, a few tenements have announced good Cu discovery. The first cab off the rank was SFR, which has just started moving earth to mine the direct shipping ore. But there is simple no reason why the share price has moved so much and it is not a small volume of trade either.

My conclusion is that something fishy is going on. Takeover activity rarely happens until after definite discovery. And drilling has not started yet. Someone obviously knows what is going on.