An interesting aside I noted in Gravity's quarterly this...

An interesting aside I noted in Gravity's quarterly this afternoon: management is bemused by the market's indifference to its excellent micro-diamond finds at Ellendale and has vowed to find ways to extract better leverage from follow-up drilling.

Its JV partner, KIM, rocketed on the finding of adjacent diamond pipes that contained less than 25 microdiamonds per 100kg sample. Gravity's finds however through its 50%-owned subsidiary, DMA, which averaged as many as 122 microdiamonds per 100kg sample did absolutely nothing for GRN's share price. In fact the SP has marched backwards at a steady clip!

I commented on this some weeks back on this forum and I'm glad that management likewise thinks something has been overlooked here. Could it be that the market simply isn't sufficiently aware of the connection between DMA and its parent, Gravity?

Gravity's share price has more than halved in the past few months from around 72 cents to 32 cents today despite the following:
1) the company's excellent cash backing
2) its aggressive drilling targets over coming months
3) its major JV partners (e.g. Rio Tinto) and
4) its superior technology.

I bought into GRN for all of the above reasons and despite the downturn in resources I remain confident that this small cap explorer looks the goods.

I hold a bucketful and continue to top up on the dips. With only 37m ordinary shares, the leverage to any strike is excellent, especially considering the quality of the ground they hold at Broken Hill, Ellendale and Gawler Craton.

This one's worth a bit of research in my view but of course I've got a vested interest so it goes without saying due diligence is warranted.

Any other opinions out there on where this one's headed?

R/Gupper