Looking at the current market depth of GRL - Buyers@ .084 cents and Sellers @.089 and with no traded shares yesterday, it appears that some buyers (possibly eligible to participate in the SPP) are holding off for various reasons.
It is far better for GRL if current eligible holders participate in the SPP rather than buy on market.
I find it hard to believe that yesterdays announcement did not even see one trade in GRL. but of course, it is early days and shareholders will receive updates leading up to the end of this year.
I suppose I am rather optimistic about the Narraburra (NSW) project because of what I have researched and of course, yesterdays announcement, and also because I was involved in Australian Strategic Materials (ASM) at the exciting time of its spin out from Alkane Resources. ASM has a large resource of rare earths, zirconium, niobium and hafnium and has a life of several decades and already has a strong partnership with South Korea where it has opened its first high purity critical metals plant.
I have been holding GRL since day one, some free and the rest bought at listing and to buy in the SPP at 8.5 cents is a great opportunity to be involved at the ground floor not to mention GRL's other potential and its current gold resource.
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