grollos, page-9

With the next buyer at 8.1c , the Grollos must be sitting on nearly a $30mil paper loss by now. Yet they seem to be rather calm about the situation. Suggesting that they can see value where the rest of us can't.

The Martha cove situation doesn't look great. Colliers are selling large parcels of land on an EOI basis, apparantly there's plenty of interest but whether that translates into a decent price remains to be seen.

Lakes Views estate Braeside doesn't seem to be going anywhere in a hurry. The opening of Eastlink might spark some renewed interest.

The hotels at Paradise resort and Goldcoast International are paying their way and as far as i'm aware both sites have planning approval for four high rise towers each, this could be where the Grollos are seeing value and possibly involvement. They like building towers but are currently preoccupied with other gold coast developments.
But it's only a matter of time....