As I suggested in my previous post, Macquarie was not the buyer. Kerry Stokes (Channel 7) is the buyer which is very bullish for the stock. Kerry has positions in a number of large mining, engineering and infrastructure stocks. Believe me this is very positive for GRD as Stokes is no fool and I am confident that this will be the start of a number of interesting things for GRD.
Will be interesting how the market views this move.
As I suggested in my previous post, Macquarie was not the buyer....
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