GRL godolphin resources limited

Happy New Year amigos. Let's hope GRL and all of the junior...

  1. 2,896 Posts.
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    Happy New Year amigos. Let's hope GRL and all of the junior explorers that you hold will do well this year. The important thing is for juniors, like GRL, to keep drilling and exploring their prospects. I like the progress that has been made in the last 6 months. We enter 2022 in good financial shape even though the market cap is only $12.6 million. We are waiting on drilling results for Gundagai, which could be very interesing - the team must have seen something in the drilling to warrant the extra holes? Also, the soil geochemical survey along strike at Lewis Ponds could significantly expand the target for the next drilling program. The regular comparison by GRL of Lewis Ponds' geology to its large neighbouring gold resource (Regis' McPhillamys) is very interesting as well. What are they seeing in the pathfinder metals to make them so confident with their comparison? The Managing Director states about the recent Lewis Ponds soil work: "Not only does it significantly increase our understanding of the area, but we have also identified similar geochemical signatures to the two-million-ounce McPhillamy’s Gold Deposit". On the face of it, my understanding is that Lewis Ponds has base metals, silver and gold, but McPhillamys is purely gold (I stand to be corrected), so the team must be seeing something very significant in the trace metals (ie arsenic, molybdenum, lead and bismuth)? They mention the under-explored copper zone in the footwall at Lewis Ponds, could that be a new focus? Add to that, we are waiting on the soil geochemcail survey of the Williams Prosect which is along strike from Lewis Ponds. Finally, although there has been very little movement in the shareprice in recent months, the daily trades have been small (see simple chart below).

    https://hotcopper.com.au/data/attachments/3937/3937667-e5cc98f33524e367cd1c7d932909dfdc.jpg


 
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(20min delay)
Last
0.9¢
Change
0.000(0.00%)
Mkt cap ! $4.039M
Open High Low Value Volume
1.0¢ 1.0¢ 0.9¢ $52.64K 5.286M

Buyers (Bids)

No. Vol. Price($)
13 3859749 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 200000 1
View Market Depth
Last trade - 16.10pm 23/06/2025 (20 minute delay) ?
GRL (ASX) Chart
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