brazil

GRD shareprice on day prior to Lancashire annoucement on 7/9/05 closed at $2.14 on volume of 391825 shares. Immediate 2 days prior closing prices for GRD was $2.22 (Vol 555170) & $2.27 (1034904). On resumption of trading after announcement, GRD share price traded between $2.64 and $3.00 and closed at $2.72 (Vol 6.7 million).

If GRD get Brazil job then there is no reason why the share price cannot do similar as this is a very significant revenue earner for the company. If we used the same sort of figures supposing GRD win Brazil then we could see a share price trading up to the $3.40 level and close around $3.20 to $3.30.

Hopefully should hear something early next week.