I would venture that the next leg up will come from a NR concerning GWG mine in SA , soon as that mine get's ready to start producing GWG SP should resume climbing imo . But let's not forget also that the $10 M financing will help for more drilling as well .
But if GWG got that money it's mostly to move forward in SA and take advantage of a mine almost ready to get into production and take advantage as well to of the upcoming boom in alternative energy ( electric cars and wind turbines ) anyway that's my take on this bought deal financing .
Right now it's holding the SP at the $0.31 level but i think it won't last long , only thing that could pull it down would be a broad correction of the markets wich always seem possible in this crazy environment but there's a lot of money getting into the markets all over the planet and that keeps putting pressure up on prices , let's hope it stays this way till the end of the year .
I sold my shares earlier to the SP decline and i'm now looking to get back in soon as i have some cash . I believe rare earth elelements is still hot and should be for some time to come and GWG's SP is still pretty low right now as jimmied said in the past .
Looking forward to join you soon .
Regards !
Tec