Thanks for the update RED and for contacting Janeta. I am expecting good news for this JORC. I am still bullish on the stock and with enough interest this should be able to get back to 10c.
I wonder how many people are without cash these days (interest rate rises etc) to invest in minor explorers so potentially the reason this stock is so illiquid. I also note that so many interest rate rises may reduce the amount of capital that people invest in gold.
Most likely the drops we have seen have been a single or small number of holders reducing their positions. Now they are out it should leave room for growth with some hood news from this JORC. Just need some more people interested for this stock to rise.
I'd also love to see their partnership plans for developing the REO they have at surface - 50m in clays. They mentioned it was easily produced. If they announce a conversation with a miner / producer this stock will jump significantly. I wonder what the likelyhood is of that outcome.
GRL Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
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