Gold Explorers has published a new analysis of the final two weeks of trading in GBB. In their analysis they point out how damaging it can be for a company to announce ahead of time when news will be coming out! After reading their analysis, you may want to take the time to contact Gold Bullion Development Corp. regarding this subject if you so choose as I plan to.
UPDATE ON GOLD BULLIONS TRADING SESSIONS WEEK 51-52
Gold Bullion started the trading sessions in week 51 at 87 cents after a large climb from the low 70s the weeks before. I myself thought that we would have some dip back to 75 cents or more, but nothing like that ever happened throughout week 51 and 52. Instead, on the 20th of December GBB got a new ATH as high as 93 cents during high volume of 2+ million shares traded. Throughout the rest of the year of 2010, we have had between 82-91 cents as spread, which is very impressing as we came from the low 70s the weeks before without any correction back to the 75 cents or lower as predicted. The trading sessions where on low volume with mostly smaller traders involved because of the holidays in Canada and the rest of the world.
I thought that we were going to trade around 1 CAD before Christmas Eve but we only got as high as 93 cents and ended the year at 86 cents on low volume without any news to add to the history books. I think we now can see that 60 and even 70 cents will not come back ever and that we have 1 CAD when the next news release is presented to the market.
I also hope that the flow of drill results will come up to pase, because of the amount of drill core that should be lying at the labs and the time that have gone since GBB transported them to the labs. There is probably around 25-30.000 meters of drill cores at the labs and it have taken the labs 3-5 months to analyze which is not OK. If you take the amounts of drill core that is lying at the labs and waiting, this is as much as a competitive company in market cap drills in a year! So I think and hope that they get more results in a very near future and that they do not tell anyone WHEN they are going to release the news. If GBB choose to do so, we maybe see the 60-70 cents again because of the short traders, no one of the investors of GBB will get something from such act.
