GRY 0.00% 20.5¢ gryphon minerals limited

Confused about the pessimism, page-4

  1. 3,515 Posts.
    lightbulb Created with Sketch. 837
    This is getting embarrassing now for GRY. From reading the quarterly it seems that they are pleased that during the 3 month period they put together a small model of a village hut (that was already prefabricated) and fine tuned an oven in a village kitchen. FFS!!!!

    Still no chance of a funding solution anytime soon. If it comes, GRY shareholders will be diluted to the shitter and will likely come with enormous hedging requirements at low ball gold prices. The whole project needs significantly higher gold prices to be economic and the GRY cash balance keeps falling by the quarter.

    Still can't believe (no in fact I can) that GRY farmed into BOE tenements for further distraction and source of cash drain.

    Good luck to all holders.
 
watchlist Created with Sketch. Add GRY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.