RE: Under the radar multibagger12 Jan 2022 10:20
AG1989, I was really amazed when it went back down to that level.
Omicron did the share no favours, especially as it emerged from the continent and no doubt there were jitters across the board. You can see the price started to fall back down to 1.05p around the time it began spreading rapidly and there was still a lot of unknowns about the variant. Otherwise, I don't think it would have fallen under 1.20p, as that was solid support before that.
Outside of the companies own growth, rising inflation could work in favour of the gold price which is now back over $1800 per oz. Omicron is also quite mild and not as bad as feared. Onwards and upwards for GCAT, gold prices and the markets in general.