re: Ann: High grade drill results incl. 16m @...
GRY SP started to fall more steeply after they bought PIR, so I guess there may be a market perception that this was not a good move.
My interpretation is that GRY Geos are more aware than most people of whether PIR is good value or not and that the company decided they would get a better return for some of their surplus cash by investing in PIR, rather than having it sitting in a fixed interest account until it was needed. That's why I buy shares.
Zipped in early and doubled my holding in GRY at $1.075 this morning before the price rose to $1.11. I hope the market goes back to sleep and the price slips back so I can get some more.
GRY Price at posting:
$1.11 Sentiment: Buy Disclosure: Held