re: $$$buy ann to come$$$ Hi Smerf
I share your enthusiasm for Gravity and doubled my stake two days ago as a result. However, I believe you have overstated the "exclusiveness" of Gravity's rights to the Falcon technology, as this excerpt from GRN's own website illustrates:
'Gravity Capital Limited ("GCap") is an ASX-listed company which creates exploration joint ventures using the unique Falcon™ airborne gravity gradiometer. Falcon™ is a revolutionary exploration tool developed by BHP Billiton to locate world-class basemetal, iron ore and diamond deposits. GCap has the exclusive* right to deploy Falcon™ in DIAMOND joint ventures in Australia, through its 40% owned company Diamond Mines Australia Pty Ltd.'
Since Nexus is an oil explorer, this does not necessarily imply that GRN is the beneficiary of the contract, although I jumped to a similar conclusion myself when I read Nexus' announcement I must admit.
If GRN was to conduct the gravity survey, I would have thought a joint announcement would have been made, unless of course it is to be put out to tender. Do you know whether BHP has licensed other companies to use the Falcon technology for oil exploration?
Personally, I'm more excited by the diamond pipes GRN shares with KIM (through DMA) at Ellendale in terms of potential share price ignition.
R/Gupper
GRN
gravity diamonds limited
