re: Ann: Exploration Update Aktarma and Yunt ... Last week the...

re: Ann: Exploration Update Aktarma and Yunt ... Last week the MD met with 2 companies in the USA who expressed interest in the Mexican assets. The sale of these would add some much needed cash, though a capital raising will still occur in the near future.

Hopefully GRM can also sell or JV more of the exploration tenements in Queensland.

GRM also bidding for an additional tenement in Turkey in the March Auction.

Last capital raising was 200 million shares at 0.08c in October. The next one could be at 0.05c, so there is some considerable dilution happening here.

Unfortunately, GRM were not in a position to make a serious enough bid for Chesser's 51% in Sisorta (303k oz, open pit), which CHZ are divesting.

Some good gold grades, from any of the 3 projects, would be a relief. Failing this, GRM should appoint a new exploration geologist manager for Turkey (for the right incentives, they could possibly grab one from Chesser?).

Gw

Even the losers get lucky sometimes.
(Tom Petty)