GRY gryphon minerals limited
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no progress in over two years, page-3

  1. gttrain
    9,428 Posts.
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    19/11/12
    14:00
    Post #: 11078524
    Have a look at the estimated burn rate for september quarter and then the actual.

    Est = 9 mil
    Actual = 15.6 mil

    Went over by 6.6 mil Thats 73 %

    You would think good management could do better than that.

    The signs were there but I also failed to exit.

    Lets see how they go this Quarter with their burn rate estimates.

    GRY Price at posting: 62.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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