I don't know Greenwood personally but he has an excellent reputation. I remember the main criticisms after float was the appearance and location of the Orange office which sounds a bit petty. I can't see where the criticism should be aimed at Greenwood as the record of market releases and direction stands for itself. No further comment needed.
I see today GRL have announced quite disappointing results for Gundagai and we have picked up some very speculative ground that adds to the already massive land holding. A CR is imminent but are we now getting swamped with too many holdings, limited cash and too many tangents? Is GRL going to do what Ardea did with NSW assets previously, and float projects in southern NSW into a new entity? Ardea could throw in their tin tenement. in the mix with GRL. Makes sense as now too many projects for a company the size of GRL. Feels like the GRL Team are not satisfied with our current projects so are going to West Wyalong, Narraburra, Crookwell and Lake George.
GRL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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