GRY 0.00% 20.5¢ gryphon minerals limited

Ann: Press Release - Agreement to Acquire Gryphon Minerals,TGZ-GRY.AX, page-43

  1. 5,175 Posts.
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    Yes dman0, by any metric, and especially those you quote, this looks like a very good deal for TGZ shareholders, and probably for most investors in GRY at the current share price, which is why someone has placed a 5 million buy order at 17 cents on market, and is willing to pay $850,000. The arbitrage alone would make them $150,000, a bit of a no brainer really. I can't understand why GRY hasn't gone to 20 cents, in line with TGZ Canada, so you can't blame people for buying up at 17 cents, but who's giving them the shares.

    Gw
 
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