After 7 weeks, reality bites and Garibaldi investors sell the news
While I don't like the games associated with over promotion, GGI demonstrates why this is so prevalent in the junior mining space. The company certainly has attracted a lot of attention, early investors/speculators have made great returns even with today's share price pullback, and GGI has raised $16M without releasing a single drill hole. In the long run, however, these plays tend to fizzle out; the reason they call discoveries like Voisey's Bay world class discoveries is that there are so few of them. Nonetheless, GGI has shown us that it a very profitable trade can be to buy on initial discovery news, even in the absence of assays, and then to sell before or on the news. Hit me up if you spot the next discovery...I'll buy stock and then criticize as I'm making money.