GRL godolphin resources limited

Thanks Sally_Will I understand what you are saying. I was being...

  1. 430 Posts.
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    Thanks Sally_Will I understand what you are saying. I was being a bit of a smart a*se. I think management of anything in this country is very mediocre BUT we are stuck with what we have. Winging about whether they have money in the game or not is not going to get the stuff out of the ground.

    Ardea Resources (ASX:ARL) owns the freehold land on which the Godolphin Mine is located. Godolphin being a spin off from Ardea. Ardea acquired 30 million shares in the process, which were distributed to Ardea’s shareholders. So, Ardea’s management and shareholders have 30 million reasons to assure the success of the Godolphin mine.

    BUT what happened 10 years ago with this mine? The price of gold then was similar to what it is now, so what stopped them from becoming productive then? Why now?

    There was volume in this stock when it rose to $0.41c back in October 2020 and of late has been declining on very low volume. So, it is either a DUD or very close to its LOW. I have invested on the chart technicals and the, why now? Has someone finally seen the true potential in this project?

    I live not far from the “Lewis Pond” Area; with my small cap investments I try to stay within the “Lachlan Fold” because I believe the potential here in the next 5 to 10 years is huge.

 
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(20min delay)
Last
0.9¢
Change
-0.002(18.2%)
Mkt cap ! $4.039M
Open High Low Value Volume
1.1¢ 1.1¢ 0.9¢ $37.64K 3.760M

Buyers (Bids)

No. Vol. Price($)
12 3638350 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 800000 2
View Market Depth
Last trade - 15.46pm 18/06/2025 (20 minute delay) ?
GRL (ASX) Chart
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