Gold Road (GOR AU)'s U-Turn On Gruyere's Underground Mine Estimates

• After rejecting Gold Fields (GFI SJ)'s Offer last month, calling terms “low ball and opportunistic”, Gold Road (GOR AU) has done a bang-up job how NOT to underpin that position.

• After correcting minor information (on the 4th April) to an Australian Roadshow Investor Presentation, GOR has now retracted details of the underground mining potential at the Gruyere mine.

• But don't expect any new developments in this transaction until after De Grey Mining (DEG AU)'s Scheme vote on the 16th April.