I suppose this article in part is the reason the share price fell 3 cents today. Investors who saw this article would have been spooked. Going public is not a good way to sell a company as it just depresses the share price.
I feel for those who bought GRY at over $1.00 and are still holding.
No doubt many AZM and AMX holders are likely to be in similar positions, and I think their companies face a similar fate. PIR may survive because its share price has not collapsed as it has a highly regarded management team and excellent resource, and will therefore still be able to raise capital without excessive shareholder dilution.
I just hope one of the bigger cashed up goldies from North America offer a takeover at a premium, otherwise it will be years before we get any real upside on our investment here.
loki
GRY Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held