has anyone got any clue as to what is going on, page-3

I'll give you one out of left field- a conspiracy theory, really. GRY is in the bottom 6 of the ASX200:

http://www.asx200list.com/

Some funds want other companies in the ASX200 list. RMS, DTE, and MBN are at risk there also, with their steep share declines, but most companies would have declined in market capitalisation, so GRY is not alone there.

I am wondering if it is possible that GRY's share price will rise by about 50% with the upcoming 50% resource increase that the GRY MD has spoken of. That will arrive in 6 weeks max. It depends, though, on how low GRY may go before that. A 50% rise is not guaranteed, of course, but there should be some rise, one would think. That would help resolve the ASX200 issue- it would not be good for GRY to leave that index.

Yes, POG has been sinking, but I do recall when POG fell by $US50/oz a time not so long ago- to about $1550/oz, and GRY was not so hammered. The Motley Fool has said the resources boom may be over, and the market darlings, including GRY, are at their yearly lows:

http://finance.ninemsn.com.au/newsbusiness/motley/8465370/the-end-of-the-mining-boom

... but these kinds of articles will occur all over in bearish markets.

In Jan, 2010, GRY was only about 40c, so it has had a rise and rise to $2, and a screaming halt. It hasn't done much wrong, though. POG down another $16, or 1% overnight, to $1580. The sooner the better for the resource update.

With GRY's market cap now @ $254m, and AMX's MC @ $226m, I can't help but see GRY as the stand-out. AMX doesn't have muc "froth" on it- despite the takeover possibilities. If teir MC's ever cross (looking more likely each day), GRY would be a strong buy, in my view. I see them akin to MYR and DJ's- closely aligned, and with GRY looking more like the underdog.

It's a good question, SPINCOW. I had been reading about GRY this morning, too. It's a bit of a share oddity right now.