why the sp drop?, page-4

The market may also have reflected its concern about the recent coup in Mali where Papillon Resources is located. With GRY's interest in Papillon, the coup would inevitably impact on GRY's SP as well. However Pappilon has assured the world re the restoration of a civilian government in Mali, advising that Dioncounda Traore, the former parliament speaker, has been sworn in as interim President.

Following heavy pressure from citizens for the restoration of civil rule, an agreement was negotiated under the direction of the Economic Community of West African States (ECOWAS) under which President Amadou Toumani Toure formally resigned and an interim President was appointed until elections are held.

Economic sanctions imposed on Mali after the coup have since been lifted by ECOWAS. So all is well again in this regard.

Activities in the capital Bamako and the populous western half of the country are believed to have returned to normal.