GRY 0.00% 20.5¢ gryphon minerals limited

Spec Thanks. I do look at it now and again, but not as often as...

  1. 11,108 Posts.
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    Spec

    Thanks.

    I do look at it now and again, but not as often as I used to.

    Tempting price is it not?

    I am surprised it has not been taken over for 10-15 cents so that the new owner would have a cheap new project to get going once the gold price recovers.

    If the current management were to hang around long enough to actually develop a mine then they and MacBank would just milk it for an eternity and shareholders would still not get anything. The size of the proposed mine is enough to generate some useful cashflow for them to go off into unknown parts of darkest Africa examining each and every crack in case there was hidden gold there, like they did in Mauritania.

    I am not totally against buying some shares for a short term punt. Just have to get the timing right and accept the possibility my capital may vanish for good.

    loki
 
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