positive upside

Markets and Share Prices always have and always will either overshoot or undershoot. Very hard for GRY holders and other goldie holders at the moment. But this is a classic case of everyone running for the hills and dumping as if it is the end of the world for GRY and/or gold and gold stocks.

Thankfully I have been able to top up at these ridiculous levels including 19.5 cents today. Take away GRYs cash and investments backing of approximately 17 cents per share or $68m and what are we left with? A company with non-cash assets valued at $10m.

For $10m you get a very large and extensive exploration tenement portfolio and gold/copper targets in multiple West African countries, an operational in-house assay lab, a field camp, an S&P/ASX300 inclusion, a significant international shareholder base, and a completed Bankable Feasibility Study. Oh and almost 5 million ounces of gold in the Resource Inventory including 1 million ounces of Gold Reserve. All for $10m.

IMO, add if you can. Whilst existing holders must hold and not capitulate because when all you hear is doom and gloom that is usually near to the time when share prices bottom out and recover. And some stocks will bounce very quickly.

All very well to hear quotes and off-cut remarks from MD Steve Parsons over the last month through the media. What we need is an update from the company to calm nerves and put out some facts immediately. Not good enough to wait till the Quarterly Report at end of month. Show some damn leadership.