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20.5¢ gryphon minerals limited

Hi Gw, MacBank don't do anything unless making a lot of money....

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radicalcleric

10 Posts.

04/07/16

14:33

Post #: 18187904
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Originally posted by Gwaihir ↑

Yep, MacBank aren't buying 23 million shares at 16.9 cents for nothing, equivalent to TGZ $1.00

Currently TGZ is $1.20 so they are already 20% up, and going higher IMHO. MacBank would surely be looking to make at least 50% on these for the volume of shares they now hold, so I would say TGZ $1.50 is a given.

And if there is another offer, then who knows ...

This should run, TGZ Canada could double in the next year if gold holds up. GRY is undervalued, possibly because the development of the mine requires a village resettlement. The next drill results will be interesting, but more so the ones when TGZ takes control, because their geo's are more experienced, that's when it could get really interesting, so this should rise into the end of the year.

Gw

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Hi Gw,
MacBank don't do anything unless making a lot of money.
watch this space for an additional take over offer.

GRY Price at posting: 18.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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