.... more likely they see a distressed Exploration company with good assets, being taken over by a company with cash and a development production team, perhaps a bit like Ampella, AMX, getting taken over by Centamin (CEY, LSE). I think the "AMX takeover SP appreciation" is now well north of 3-400% plus a good dividend stream perhaps for the next 20 years at these gold prices, or even a lot lower for that matter.
Do your own research on this, but this would be my thinking....
GRY Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held