I've been expecting a re-rating in light of upcoming Zinco share distribution and announcement on Carpentaria float.
I posted this in another post (from a February 2007 presentation on Giralia)
"Giralia theoretical investment (of 100K GIR shares) on 30 June 2005 is up around 573%. Total investment, incl. take up of all priority entitlements is $26,113. Portfolio value at 22 February 2007 is $175,900 GIRALIA-total value of an investemnt in 2005 now up 585%"
It would be substantially higher now if takeup of the Zinco priority entitlement was included"
Giralia is no newcomer to the resources sector-its been listed since 1987 and boasts mining tenements/resources purchased years ago at the bottom of the resources cycle.
I hold 50,000 GIR
Ajax
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held