GRN gravity diamonds limited

I DID average down, only to see the SP fall further so how dumb...

  1. 749 Posts.
    I DID average down, only to see the SP fall further so how dumb do you think I feel?

    Nothing seems amiss on the face of it but it wouldn't be the first time shareholders were the last to know. GRN has some excellent tenements, not least being its JV arrangement with KIM on two highly prospective kimberlitic anomalies out in WA. They recovered more microdiamonds per kg from their initial drill holes at Ellendale I believe than on the pipes that have sent KIM's share price skyrocketing - so go figure.

    I have been waiting for follow-up drill results to arrest the slide but announcements have been few and far between. Does anyone know whether Broken Hill or Ellendale is the current priority? And why such a big fall today? Stop-losses being triggered?

    I bought into GRN because I believed its technology should earn it a premium in the exploration category and because it offered exposure / equity in so many exciting drill prospects. I still think it does but I'd be lying if I didn't say the current slide has me rattled.

    Any silver linings out there?

    R/Gupper

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.