Hi,Loki01. The following is my opinion only and is not factual. I agree that GRY looks a reasonable hold at 16 cents.I suspect that GRY recognise that market conditions are unlikely to improve in the near term(at least); the less ambitious heap leach mining should ,however, be achievable. If GRY can't pull this one off questions ought to be asked! This change in plan has,unfortunately, cost us plenty. If,in the future,GRY resort to their original plan the so called "seamless" integration to CIL may have some nasty extra costs,we will see. I don't see much sense in any form of "care and maintenance". It costs too much, better to mine if you can. Also the political implications have to be considered, after all the BF government own 10% of the mine and need the revenue (especially the tax). IMO shareholders won't get a decent return from the heap leach but the board certainly will.(9 years at least). Good for them. IMO the poor response of AMX shareholders to the CNT offer is an indication of the fact that shareholders who invested in the boom have a hell of a job accepting the fact that they are unlikely to recoup their money,ever! CNT certainly won't offer boom prices. Therefore they won't get the numbers. It's a human failing but understandable. Likewise if a company spends 20m on drilling it doesn't make the company automatically worth 20m+ as some seem to think. Best of luck to all!
GRY Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
