TwinsenI agree - cheap gets cheaper.I expect GRY to have around...

Twinsen

I agree - cheap gets cheaper.

I expect GRY to have around $60m in cash at end of March, which is around 15 cents/share.

The best option is a merger with another beat down goldie that has cashflow, like PRU.

I really do not see GRY being able to raise the funds for a mine at its current share price and given how they are burning cash on what is now useless exploration. The only expenditure that could be useful is to finalise everything towards getting a mine up, and on exploring the heap leach potential of one of their deposits. They do not need any more resource/reserve, and they should look to downsize their admin spend.

Sad to see the way the goldies are being smashed, and the pain that is causing to shareholders. I suppose that is the nature of the speculative beast we call gold.

Good luck.

loki