GREY:GYPHQ - Post by User
Comment by
red911on Jun 30, 2012 4:45pm
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Post# 20072595
RE: 20 percent discount
RE: 20 percent discountSounds harsh but I kind of agree. I applaud their progress to date and the future does look bright BUT the fact is right now the only people making any money from their investment in Gryphon Gold is Waterton Global. To hear there will be absolutely no pure exploration drilling of NEW zones with same surface signature of known oxide resources until 2013 (likely mid 2013 IMO) is discouraging IMO (I.e. No 'new discovery' NRs in our immediate future). Infill/mine planning drilling only and they don't seem to be in the habit of releasing those results. It's their prerogative but it makes little sense to me why mgmt would not want to release regular production updates and drill results (incl small exploratory program) at this stage in development. None of this would be hype or fluff IMO. Silent mode continues it would seem. Again, not dismissing incredible progress but I did hope/think that once production stabilized there would be more of an emphasis on restoring shareholder value. They do not seem to be in any rush to do so. >