GRY
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0.00% 20.5¢ gryphon minerals limited

Ann: Change in substantial holding from MQG,MQG-GRY.AX, page-4

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  1. Gwaihir
    5,259 Posts.
    lightbulb Created with Sketch. 3957
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    25/08/16
    00:11
    Post #: 18660873
    I don't believe there will be a second bidder.

    From my discussions, I think MM and McQ believe Teranga is undervalued, and buying GRY is a more efficient way to buy in. They think Teranga has room to move up over the next year, possibly 50% and more. I believe they think we'll see $1.70 to $1.80, a buy selling zone for a large holding.

    Gw
    GRY Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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