GRL

3.45%

1.4¢ godolphin resources limited

Ann: Entitlement Offer Closing Date Reminder, page-15

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MrSetarcos

220 Posts.

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12/06/24

11:35

Post #: 74275542
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Originally posted by TheAlpha1: ↑

GRL has fallen into the stagnation trap, was too ambitious, has poor leadership, J.O has a major ego and has blind spot barriers. It's all too common for junior ASX explorer management. Will GRL be able to dig itself out from a rock and a hard place? Unclear/unlikely! Was the pivot towards going all in on REEs wise? Absolutely not, particularly with the glut of hopefuls popping up. With the PEA expected in Q3 and ZERO potential needle-moving announcements in the interim, one can only expect the SP to continue on its current trajectory. Owens isn't fit to lead; she has no merit, and the rigid hierarchal structure with J.O. at the helm resulted in GRL stagnating. Owens chose to take GRL down this path and is the sole responsible party for this disastrous “all in” pivot. The BOD is likely to replace her by the end of the year, IMO. However, I see almost no path forward for GRL and believe (unsubstantiated)*, imminently in an ARR takeover sometime in the next three or four months, and at a HEAVILY discounted price than today's MC. Therefore, J.O. will be out the door sooner rather than later, and ARR's former CEO, Chris Gibbs, will likely spearhead the new GRL arm of ARR.All IMO. Full disclosure: I hold ARR and am being transparent in making this statement. GLTAH that believes the ship won't sink. It's tax loss selling time, I expect that to be the nail in GRLs coffin. But miracles do happen!

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Personally, I don't think it's too late to save the ship just yet.

However, doing so will likely require a new captain because the ship's current captain seems unwilling to even acknowledge the rising waterline. (And she certainly doesn't appear to comprehend the damage that excessive dilution can do in terms of investor/speculator psychology.)

GRL Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Last 1.4¢		Change -0.001(3.45%)		Mkt cap ! $3.739M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.4¢	$498	35.60K

Buyers (Bids)

No.	Vol.	Price($)
4	1412647	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	18560	1

View Market Depth

No.	Vol.	Price($)
4	1412647	0.013
1	76999	0.012
3	459905	0.011
2	200094	0.010
2	211104	0.009

Price($)	Vol.	No.
0.014	18560	1
0.015	357142	1
0.016	500000	1
0.018	197975	2
0.019	427261	1

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GRL (ASX) Chart

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