starting to move

Time for people to put this one back on their watch list if it has been removed.

Points worth noting in assessment IMO include:

1. the sale of its 56% stake in listed gold miner Oceana Gold, GRD now has substantial funding to devote to the expansion of its Global Renewables business. The divestment of Oceana Gold sees GRD increase its focus on the waste management, whilst retaining engineering expertise within Minproc.

GRD maintains a solid balance sheet with net cash of $22m. The UK waste market is potentially quite lucrative for GRD as acceptance of the greenhouse problem is far more advanced than in Australia.

This places GRD in a unique position, unlike any other Australian company it possesses, a ‘green’ technology that works, solid cashflow and a market for its product.

Worth a look. I hold.