I agree with your observations especially with regard to GML. I think they wish to expand their MRE towards 1m ozs of shallow oxide gold first however to give them a stronger bargaining position. I've also added Alto Metals recently following the lead of HRN management who are unashamedly now letting the market know that consolidation in the region is inevitable. What's not to like about the merger/takeover of these 3 gold juniors all within 50km of each other with shallow oxide resources totalling circa 4-5m ozs and growing. All at a combined MC of under 100m. This is another RED5 in the making which is now capitalised at 1.2bn. HRN has the benefit of a major shareholder who can arrange funding for the required capex. I've been waiting patiently for this to play out over the last few years but there is now confirmation of direction and strategy so it could all happen quicker then we think!
GLTAH DYOR
HRN Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
