Perhaps I am way off beam but just as both RED328 & prawn_man have mentioned thoughts that the trading halt involves Copper Hill East and I also agree.
As mentioned in a previous post on this board, it might just be a coincidence but delving into the history of the region of Copper Hill, it might be interesting to some that back in March 2014, Heron Resources acquired a 19.9% interest in Golden Cross Resources after subscribing for $1.88 million of GCR shares.
It appears that Heron (Ian Buchhorn at the helm) was sufficiently interested in a larger area already accumulated by Heron which is now in GRL ownership.
About 10 days ago GCR shares increased by 1,000% in one day when it was reinstated on the ASX. The major shareholder HQ Mining (Chinese connections) has had a chequered history. Maybe things have been sped up somewhat with Copper Hill East as a result of reinstatement of GCR. Only a guess.
Copper Hill itself has a resource of 155 million tonnes @ 0.33% copper and 0.27 grams per tonne or 493,000 tonnes of copper and 1.33 million ounces of gold. (NOT TO BE SNEERED AT)
Also Godolphin's announcement of 24th March and headed up as:
Age Dating Turrawonga Prospect at Copper Hill East Confirms Equivalence with Cadia, Copper Hill and Boda Porphyries........... and finaly GRL's M.D. said the following:
: “This recent age dating and petrographic analysis is incredibly important and will assist us in better understanding the Turrawonga Prospect and the Copper Hill East Project as a whole. These findings provide us with an exceptional insight into the potential of the project, as we progress exploration efforts in the most logical and scientifically backed manner. We look forward to providing updates as to the progress in the coming months"
GRL Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
(20min delay)