Before we all get fixated with GRY mgt spreading themselves too thin, remember TAW (Liberia) & PIR (Mali) are purely equity holdings - not too mentioned RNS spun out which has just done a deal with OZL. The TAW strategic alliance may see some technical assistance but Banfora remains GRY's focus plus Mauritania of course.
Current SP obviously taken a hit with PIR announcement.
But the real focus should be in their next resource upgrade - and of course Mauritania.
Ask yourself if the broker community has TPs north of $2, doesn't $1.30 tell you GRY is undervalued.
Imminent newsflow will see GRY back above $2. DYOR
TImbogold
GRY Price at posting:
$1.23 Sentiment: Buy Disclosure: Held
