GREY:GYPHQ - Post by User
Comment by
poservon Oct 31, 2007 5:28pm
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Post# 13728610
RE: where''''s it coming from
RE: where''''s it coming fromyes but gryphon spends 2.5 m every 3 months so by january we'll have 500,000. That's not a lot, i will look at the share structure and see if the company has redeemed any shares from the original issue, this will provide a clue as to future financing, then we've got warrants, or maybe even a private placement again. One thing's for sure the company needs money for exploration, my opinion of this stock has gone from thinking we were a near-term producer to now thinking that we are just accruing land titles without any real aim to produce in the near-term.
I wanted a near-term producer in my portfolio about 1.5 years ago and ggn really fitted the bill but now i don't classify us as a near-term producer. The focus has completely changed, here's hoping for a merger or acquisition from a big player, buy us out and pay us out