Gravity Capital has just announced a new round of drilling at sites.
These include the 100%-owned Gawler Craton prospect and at Goldfinger (where the company believes there is potential for a "Broken Hill size target") as well as follow-up drilling Ellendale where two previous diamond pipes were found by GRN's 40%-owned subsidiary, DMA.
After months of downward drift, GRN's SP should see some upward action in coming weeks as most of the drilling should be completed by the end of July and the technology which has identified these priority targets is the best available.
With its tight capital structure, GRN offers terrific leverage to any discoveries.
On the Ellendale front alone, and with its strong cash backing, the stock appears very cheap at current levels IMO. I bought a heap the other day for the above reasons.
Conduct your own research and trust no one.
Gupper
GRN
gravity diamonds limited
