Still trading at Disc to Cash. Why?, page-3

"this will track to mid teens over the next two weeks"

Mid teens in 2 weeks, don't get me started again. Book Value, 21c per share. After massive asset write downs.

"I am sitting in bid line for a few more at 12c"

That's a fair idea. Who wants to sell at Disc to cash? Why would they even sell below Book Value? Do they really want to sell? Majority shareholder holds 66.5% of shares & minority holders have 33.5%. I reckon most of the 33%ers would have average buy price above 21c. What do you think would happen if the entire (33%'ers) group vowed to increase their individual holdings in GRR by 50% to approx 50%? I know 66.5% + 50% add up to over 100% and those maths don't work. But wouldn't it be interesting, if the 33% bought all the shares offered up to 21c (Book Value) and didn't give any back below 21c? Do you reckon the preparedness to offer shares on market for below cash backing or below book value would dry up? It would cause a GRR share drought!

I'm making moves to free up some funds and next week I'll be 'in bid line' with you.