GREY:GYPHQ - Post by User
Post by
controlled.madnesson Aug 15, 2012 2:15am
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Post# 20218608
2 Questions
2 Questions As I wont be available for the conference call due to time difference I think I should ask them here and hope they get answered.
1) I return to the 20 percent and quote the Quaterly report
"The amount of individual monthly repayments will be based on a formula using 80% of the gold spot price as the value of the gold (or cash equivalent) to be delivered to Waterton"
The way that the " or cash equivalent " seems to apply to the 80 percent spot price and not to the monthly repayment. I think a statement of repayments will be in cash or a formula of 80% would be clearer if the cash was not based on the gold spot price.
2) There is a note on inventries that says Gryphon purchase carbon loaded with gold and silver from Waterton. Was this Gryphon carbon or third party carbon. Do we then sell the Dore back at a profit?
Does anyone have answers.If not please try to get them from the conference call
Thanks in advance