the company understates its announcements in all fairness to the GIR board, and this is just a general piece of commentary, I actually think that they understate their announcements relative to some of the other market operators out there.
The board of GIR are a pretty conservative bunch, and have been going about their business relatively unnoticed until 2006.
Likewise with this announcement... I think the potential has been very much understated, and the company could easily have hyped it up as having the potential to reach grades up to 2500ppm etc.. etc.., but instead just stuck to the facts. If anything, the company is probably poor at selling itself, and could well do with a marketeer to promote its assets a little better.
Again, I am happy to see this stock drift off, as there will be two fold gains:
1. through further drilling success from Heathgate
2. through the value that will be created through the zinc spin-off (Zinc Co. Australia). Believe me, it will be an absolute money spinner.
cheers to all.
an explanation of todays announcement, page-11
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