Ann: Godolphin Resources Investor Presentation October 2021, page-5

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Sally_Will

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21/10/21

12:16

Post #: 56966462
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Originally posted by prawn_man ↑

Amigos, a very good summary of the many rojects and there is action taking lace on all of them. In particlualr, there are a couple of statements which are important for patient long-termers.

1. On page 2: "Well funded with $4.73m at bank to progress a strategic and targeted exploration program". So the presentation maybe giving shareholders the long-awaited update. That's good. If GRL can hit good grades in their drilling in the next 3 to 4 months, and the market lifts the shareprice to a sustainalbe level that is clealy above 20c, the options could be converted. As @gc2016 points out, that would avert a cap raising.

2, On page 12: "Soil sampling underway at the Williams prospect, south east of Lewis Ponds". In the previous exploration update, GRL said that landowner negotiations were underway and progressing well. So the new statement shows that those negotiations must have been completed and now GRL has moved onto fieldwork. Good news.

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@prawn_man - I like reading your posts and I know you are reasonably versed with the area and you have an understanding that many do not have.

Unfortunately any assay results are likely to be a very slow process as is also being experienced in W.A.
I remain optimistic that we could still see the Loyalty Options in the money. That in itself would be a great turnaround by the new management at Godolphin.

GRL Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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Ann: Godolphin Resources Investor Presentation October 2021, page-5

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Ann: Godolphin Resources Investor Presentation October 2021, page-5

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