Sometimes i find the GRY mindset a little too expansive for my liking .
Focus on the core asset first, get it to production , then branch out.
They've had a good win with PIR.
But I have a feeling something is up with Tijrit. But I agree with the above posts, that its not factored in either way so , apart from a possible waste of cash , it should only represent upside and little downside.
If they do find an extension to Tasiast, I wonder if Kinross will be interested....? I'd say yes.
$1 starting to look not such an unreasonable target in the MT here.
West africa co's starting to come back into fashion. GRY,PRU,AMX,PIR and AZM just to name a few have had some HUGE gains with massive volumes in the last few sessions.
If the hot money starts to stampede like it did in mid 2010/2011 (leading up to the last round of QE), those that bought this dip will be rewarded hansomely in the next 6-12 months imo.
GRY Price at posting:
87.0¢ Sentiment: LT Buy Disclosure: Held
