J.O. has destroyed this company with her brilliant move into REEs and endless dilution. (The board is also to blame for selecting her and allowing her to do what she has done - where have you gone, I.B.?)
When a company burns its SHs with constant cap raises, each one lower than the last, the SHs stop trusting that company with their cash.
Still, it's not too late. Here's a three-step plan to fix GRL:
1. Get rid of J.O. and find a GM who knows what they're doing. 2. Offload Narraburra (hopefully getting back what we've put in). 3. Focus on our excellent gold and copper/gold projects - we still have a 500,000 oz resource (until J.O. flogs off Lewis ponds to fund Narraburra).
GRL Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
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