GRY 0.00% 20.5¢ gryphon minerals limited

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  1. 8,033 Posts.
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    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



 
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Currently unlisted public company.

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