GRY gryphon minerals limited
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Back in Jan 2013 about 19 months ago things were looking great....

  1. sarge17
    4,047 Posts.
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    03/11/14
    23:18
    Post #: 14230811
    Back in Jan 2013 about 19 months ago things were looking great. A smashing BFS was released. GRY also had $83m in cash and investments. And the MD states via the ASX release that the Banfora Gold Project is on track for first gold production in Q4 2014 (THIS QUARTER). Now GRY one month into Q4 2014 would have approx $30 cash and investments left and no funding agreement in sight. Man that is a lot of cash to have blown in less than two years ($53m) for no meaningful discoveries and no resource upgrades.

    Shame.
    GRY Price at posting: 7.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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