Spoke to Management, page-61

Serious question for you Whisky - and not really to do with a continuing GRR discussion - just a general investment question. Though GRR represents a really good case study.

I am actually very interested in getting views on this.

I believe that in 3 years we could be looking at a very strong position GRR - and I think we all agree with that.

We also know that investing is about returns to the investor - That is probably a mix of capital gain and returns to the investor as dividends.

Scenario: 3 years of development but with nil or marginal dividend returns and a more subdued SP in the interim. Reward at the end with say SP at double it's current levels.

Is it better to wait it out for the three years or would it pay to invest in something else (maybe because of the potential capital gain and/or a good dividend yield) and then jump into GRR again when it is closer to the completion of the development phase? Given that the funds invested may be able to obtain a bigger parcel of shares.

This is just an investment question - we all have different strategies and we are all here to learn - and I am one of those who who needs to learn a lot? Please take it as such - I'm not here to bait