With Parsons it has always been "damn the torpedos' until there is only $1m cash left and then start to worry like every other exploration company".
This thing could hit 2 cents by the end of the year as North Americans take their losses - they have heaps of gains from their non-resource investments so this is a great opportunity to reduce the tax bill.
Parsons is getting what he deserves. I doubt he will anything from it.
When there is $1m left in the kitty and the share is trading at 0.2 cents he will try to raise $5m by issuing shares at 0.1 cents.
This madness will finally end when he losses his CEO role.
loki (I will be putting in a bid at 2 cents)
GRY Price at posting:
4.7¢ Sentiment: None Disclosure: Not Held
