sarkee
- 30 Jan 2006 19:20
Looks like this is just about to spark back into life....volume has been building over the last few sessions, with a 250K BUY at 15:33 today which caused the SP to spike up although it was not apparent at the time because of delayed reporting. GRL have 2 strings to there bow in Guyana at present, with a large bauxite deposit which BH Billington have an option on and BHB are in a consortium expanding an existing aluminium production facility just down the coast in Brazil, so if that is the destination then it would be low cost & easy to ship the bauxite there. Plus the Russians have just invested in another bauxite company & the Chinese have just agreed an investment protocol with the Guyana Government so even if the BHB option did not take off, then there is an alternative outlets for the bauxite IMHO. Aluminium is at an all time high as the world wide demand for for this product just for the aerospace is increasing all of the time, look how many aircraft orders Airbus have on there books.
GRL have also applied for around 26 Gold prospecting licences in Guyana as the geology is the same as the prolific gold region of South Africa so there could be very good news before long.... DYOR