Gryphon mngt (for lack of a better word) has consistently under-delivered, and instead shown a consistent policy of chasing red herrings at will. They have a project in Banfora, in Burkina Faso, and should be focused on developing this. ...4.5 m ozs and rising....and they are in where?....doing what....
Mauritania, SE Asia, Cote De Voire, Liberia....and really nothing material has appeared...what is the strategy of the company? Invest in Papillion...to achieve what? for who...I can and have invested in Papillion myself, and I certainly do not need the endorsement of Gryphon "management" to do so. Into Mauritania, for how long, doing what, producing what value?
They simply do not understand focus, or effective delivery or have clear/articulate communications, let alone treating shareholders as intelligent.
Good luck guys, but I really would like to see the management and board far more focused than at present!
I hope they get the message soon.
GRY Price at posting:
51.5¢ Sentiment: Sell Disclosure: Not Held
