Club Mulgoa

Wednesday, August 15, 2012

GTE

SIR announced a good nickel find, and the share price went ballistic.  And continued to rise.  GTE found a lot of copper in Central Asia and the share price jumped, but not ballistic, and then started falling again.  Yet, it also has a larger area of suspected mineralization in WA compared to SFR, near the Degrussa deposit.  I don't understand why it is not drilling there first.  If a huge rich copper deposit is found in WA, SFR might even offer to take it over!

I was lucky that I bought GTE when it was down in the dumps so it will have to fall to almost nothing before I am at a loss with it.  Management must have other ideas in its head as to why it is exploring Central Asia ahead of WA.

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