Amigo, I agree with much of your analysis. Maybe the steady...

Amigo, I agree with much of your analysis. Maybe the steady decrease in shareprice is foretelling that a placement is around the corner rather than a shareholder capital raising? The lack of "good" news in recent announcements has made it easy to steadily drag the shareprice lower on very small trades. As a result, GRL is becoming very attractive to pro investors - 1) the company's market capital is now less than $10 million, 2) it has a significant 400,000 oz JORC-compliant resource of gold plus silver and base metals, and 3) has recently added the rare earth project at Narruburra. Also, the No.1 shareholder (who is a company director) may not have the loose cash in his piggy bank to stump up for his large portion of a shareholder cap raising? Finally, the diamond drill campaign at Narruburra will be much more expensive than the air core program, so the company must be confident that it will have the cash in Q3. I agree with your focus on Lewis Ponds and Narraburra. But, as I have said before, the visuals and comments for the Yeoval drill core were under-estimated by the market - time will tell if those assays will trigger a re-rate.