The catalyst is larger traders now confident that GBDX is real. That's why I am now more confident than ever with the current news of the JV. The companies involved with this JV "run" and basically "own" the diamond industry in russia.
And GBDX is their conduit to sell/market all product!
As seen with many other pinks/otc's, audited financials for comfort level do not drive the pps shortterm. Yes, confirmed #s with audited financials validate a business success over the next few months. In short term trading, IMHO, more important is what will drive the pps.
Enough said. I cannot continue to try and convince posters. The news of the JV with these strong players is so significant, its unreal. And again, 380M O/S with a measly 112M float. Millions in net profit nearterm, and now with JV, continued large revenue throughout next year as well.
Increased volume and larger buys are required to attain the pps levels I am quoting. Yes, smaller traders may take (not a profit) but a 0 loss at .025, and chase the next hyped stock.
So be it. However, the owners of GBDX with large positions I believe will be adding at these levels with JV news out. Real revenue with a pink is rare.
With the current news of a JV with such strong players, this stock is for real.
To all, I wish the best of luck!
Not a buy or sell recommendation. My opinion only.
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