I don't see 5 million oz being sold below 40 cents A CR at 60 cents a couple of weeks ago
$80 million in cash is 20 cents a share Even if they walk away from the whole project
The wise thing would be sell PIR and buy GRY At this prices
The whole thing is a joke Really
They have a lot of the funding to get into production already Banks will lend with hedging in place
SAR was able to hedge most of theirs at $1695 PRU hedged 200000 at $1350
When the loans are needed in 9 months or so The gold price should be spiking again
It would be great not to need another CR But it took PRU 800000 shares How many will it take GRY
Pathetic response to the volume query What else would you expect from Steve He could of said it was caused from me Talking crap to a journal That I invited to the presentation
Or that a CR isn't planned until next year
Except for the SP they are in a lot better position Than a year ago
Happy to buy a few more today
GRY Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held