grd sell down, page-2

this wasn't on the GRD announcements page !!! unless it gets tossed in Weds am !! another plonker of informing the market fully.

ANYWAY .....

fwiw
i have a great respect for the guys running grd apart from some of their announcement timings !

I DID NOT THINK THEY WOULD UNLOAD OGD and have said so before. however their timing has once again come up for questioning and now it's against the falls on the dow Tues and the horrifying yo yoing price of gold today too. not stable times i might add.

grd needs cash for it's projects.

that's it in a nutshell and far better than a rights imo.

good for both company's as far as i can see. no negatives either way.

hope grd gets it away now. at a good price ??

OGD's price anticipated something and i question once more the sincerity of announcements.

all in a days work of the corporate, i suppose.

i will buy back into grd at 188 or lower. sold at 2.77 having been with them from macraes mining days, NZ days.

unless grd hits a nasty underestimation on a contract i see no reson why it should not be a great future investment.