GRL godolphin resources limited

Welcome amigo. I have seen Tony on You-tube video once before...

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    Welcome amigo. I have seen Tony on You-tube video once before and he is a straight shooter. He didn't mention any particular stocks when I watch him - it was more of an opinion on market conditions. So glad to hear he is mentioning GRL. The things that I like most about GRL are: 1) it has a strong JORC, and 2) it has plenty of exploration potential. The JORC is important because even if the shareprice fluctuates, the stock is still solid. IMO it will either start a mine at Lewis Ponds or be grabbed by a big player. But having a JORC also reduces the market's excitement. Punters are after the new discovery, so any announcements of good drilling at Lewis Ponds are accepted as "infill". (It is the same with all stocks with a JORC that get to this point - they call it the orphan period). So, to get the big price swings, it is important for GRL also to be out there on its ground trying to make a new discovery. That is, a good junior like GRL needs to 1) work to grow its JORC, but importantly 2) reassess all of its prospective ground as cheaply but as efficiently as possible. GRL has cash in the bank, but that would quickly disappear with deep diamond drilling. That's where Copper Hill East is a hard case - it has huge potential but could exhaust the piggy bank before the prospect is understood. So I agree wth the MD's plan to do shallow drilling at Lewis Ponds, and start work in other areas such as Gundagai. It's a two-pronged attack which is best for our crcumstances, IMO. Good luck.
 
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Last
0.9¢
Change
0.000(0.00%)
Mkt cap ! $4.039M
Open High Low Value Volume
0.9¢ 0.9¢ 0.9¢ $0 14

Buyers (Bids)

No. Vol. Price($)
13 4392135 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 800000 2
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Last trade - 10.07am 19/06/2025 (20 minute delay) ?
GRL (ASX) Chart
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