All this talk on GRKO being exercisable on the backreef play is nothing short of delusional and IMO a reflection on ones complete lack of understanding on this play.
Sure GRK will go up , but the oppies , I dont think so , look at the number of heads on offer, the decline in the SP since the ann - a reflection of markets thoughts?
GRK are down 70% over the last 12 months , 33 % YTD and 54% since the heads of agreement was announced.
At best this will help GRK get going in the short term, but long term ....sorry the numbers wont be there...if there was a sniff of a commercially viable play...then why aren't all the big boys over this?
GRK Price at posting:
0.6¢ Sentiment: ST Buy Disclosure: Not Held
