GRY 0.00% 20.5¢ gryphon minerals limited

Why would anyone buy gry with plans of 150k per annum gold...

  1. pp
    2,336 Posts.
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    Why would anyone buy gry with plans of 150k per annum gold production when other cheaper goldies with less number of shares, cash cost similar producing 400k the moment is trading at 60 cents range...also cap raising is only months away...no takeover with this gold sentiment at the moment...they need to raise 100m..if at 20 cents...do your math how man shares they will have to issue..obviously u think they would not do cap raising atnthis share price but do they really have any other option...many copmanies did cap raising even around 10 cents...
 
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Currently unlisted public company.

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