I will throw in my 2 bobs worth. A couple of years ago there was...

I will throw in my 2 bobs worth. A couple of years ago there was a lot of hype in the posts about a good divvy on the way and from memory that hype sent the SP to around 91 cents. When the BoD announced a 2 cent divvy there was a massive dummy spit amongst share holders and the SP plumetted very quickly to below 60 cents. One could describe what happened 2 years ago as "sell the rumour and buy the news".
I have heeded miningnut's and aloxley's advice . . . and reduced my position today and will be looking now to buy the news.
in the meantime I have parked my funds in MGX. (1 share in GRR buys 3.2 shares in MGX). A few years ago it was the other way around.
It is one thing for China to have stimulus but that does not necessarily equate to high IO price . . . I gather the Chinese are set on buying ore as chsap as possible. The blue sky policy for the Olympics is over and with it the price differential for high grade pellets has waned significantly.