GRY 0.00% 20.5¢ gryphon minerals limited

Ann: Completion of Placement , page-2

  1. 574 Posts.
    Ok so we can participate and get more shares at $1.30 ,but thats no advantage when we can buy on market for less or the same as that ATM.
    I just wonder at what point mgmnt will decide to mine some gold to generate cashflow to help pay for further exploration,define resource etc?
    Surely the costs of mining infrastructure will only increase so why not start mining the 2mill oz resource in Burkina Faso
    and generate income?
    I know it is difficult to raise cash but it seems these shares have been given away for a song.
 
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