Ann: OMX: Completion of Wiseman's Creek & Ophir Gold Acquisition, page-4

Amigos, if you haven't already done so, the promotion by Orange (OMX) can be found at the top of the GRL thread. As mentioned by @schmunzel75, GRL's previous CEO is now running Orange and he seems to be much more active/involved than when he was at GRL? I'm not blaming him, but wonder what has been the problem at GRL? Since its IPO, most of GRL's management has been turned over (except for one or two people), and that's not a good sign IMO.To put things in some sort of perspective, GRL has been selling areas to OMX while it has been claiming new ground with several new Explorarion Licences (ELs) plus taking a 70% earn-in for Narraburra ($2 million from memory). Meanwhile, results from GRL have been slow/methodical and broad/scatter-gun across its ELs. That type of approach can be good, especially if you find something (fingers crossed for Yeoval), but can be a waste of money if there is nothing to show for it. But those days are over, IMO. Now the piggy bank is getting close to the point of worry. And apart from the assay results for Yeoval, there is little news to come in the next 3 months.Yet the company has committed to diamond drilling, aircore and earn-in payments at Narraburra. The cost of those commitments will come in the next 3 months, yet they cannot be met by existing funds. So a placement is already locked in (IMO). I would suggest that at this point, GRL must change its attitude - whatever or whoever has been holding the company back must get out of the way. GRL must become very hard-nosed about its exploration. The days of "academic geology" are over. Also, it can't behave as a "land-bank" or a "shelf company" waiting for a JV partner to come and do the heavy lifting. The facts are that since IPO, the company has tested everything from Mt Aubery to Gundagai. Once it gets the results for Yeoval, GRL has to make a decisive plan to explore its best one or two prospects and it has to communicate the plan to shareholders - besides the announcement, an interview, conference presentation and youtube video would be nice!