The last-resort act by the 500k buyer at 10.5c has been a catastrophe for them - unless they top up the funds, GRK will be heading back to the 9c region next week, virtually guaranteeing that the majority of the options go unexercised.
I spent what little I am willing to throw down the drain for this company, saw little chance of a turn around, and used my mate at 10.5c to scale back my own holding to a more comforatble level.
GRK/OA has cut a large red line through my profit for the year, and despite the appeal of some of the projects, O.D and Ortahaza are a waste of time and money. Orta has proven to be sub-economic, O.D may well soon prove the same. If O.D were viable, why has it taken so long to secure a JV partner? It was not because of the farce, I mean frac. The results of this operation were known from the day the drill core was analysed. The lack of interest in the project should send out warning signals to retail investors.
GRK Price at posting:
0.0¢ Sentiment: None Disclosure: Held