Agree patience required, there is nothing wrong with GRD, it simply takes years for these guys to turn contracts into profits....The fundamentals for the company are exactly the same, if not better:
> Eastern Creek looking to better than break even in 06, further profitability thereafter
> Gold price rise assisting GRD's 57% holding in OGD, which has reported the Q1 2006 is off to a solid start
> In the next 3 months financial close is expected for Lancashire, and commencement of construction...i believe they receive $15 mill on financial close
> With the persistent increase in commodity prices, Minproc well positioned for further construction projects...
Only one i have not heard about much recently is the financial close for Melbourne??? I would have thought this would be near, as this was won pre Lancashire...
As the price falls now, great time to pick some more up. As long as you dont need the cash for a few years...
GRD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
