GRY has run very hard from early march this year from 10 cents to about 45 odd cents. Profit takers is certainly play a role. Who does not want to take a 300- 400% profit?
GRY is a quality gold explorer company. Current announcemet GRY did mention
"Gryphon views this resource as an interim estimation with significant potential to define further shallow ounces and potentially a multi‐million ounce gold district from the company’s aggressive on‐going drilling programs at the Banfora Gold Project."
GRY gold reserve will keep increasing. As long as their gold grade hits is just as good as those that have been announced, it should not be a worry.
GRY Price at posting:
40.0¢ Sentiment: None Disclosure: Held
