Good old counter cyclical Giralia. Read the consolidation as a vg ann. Only a small amount from GIR's cash reserves too. Courageous and conservative at the same time.
""CASH SALE OF PILBARA IRON ORE PROJECT TO GIRALIA
The three tenements comprising Royal's Prairie Downs Project in the eastern Pilbara have been sold to Giralia.
Consideration is approximately $3.2 million, fulfilled in cash and the issue of fully paid shares in Giralia.
Royal maintains an interest in the project through the share holding.""
GIR Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held
