Gryphon Gold Corp GYPHQ

Metals & Mining Gold

Gryphon Gold Corporation is a mine development company. The Company's principal asset is Borealis property. The Borealis Property is 27.5 square miles located in the Walker Lane gold belt of western Nevada. The Company's land position covers approximately 17,600 acres for the Borealis property and over 60 Nevada exploration properties, which cover approximately 70 square miles in the state's gold trends. The Borealis property has approximately 1.4 million ounces of measured and indicated gold resources, and approximately 1.1 million ounces of inferred gold resources have been accredited to the one square mile Central Borealis zone. Its Borealis property has over five other prospective zones that are being explored, which have the potential to host significant gold resources. The Company continued drilling on the Borealis property in the Graben resource, and in the central and western pediment areas.

GREY:GYPHQ - Post by User

Gryphon Gold Corp

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Comment by Kiwi3on Sep 12, 2012 5:07pm

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Post# 20354124

RE: RE: RE: RE: Gryphon

I think the key here is "able to communicate" and probably just do not want to. Ensuring market awareness of your company when you are a public company in a serious responsibility of the CEO. That includes the material good and bad. If you do not communicate the market assumes the worst, the shares tank, shareholders get upset and you cannot raise equity due to mistrust.

If there is a material problem then the "material adverse change" clause which is in most loan agreements could kick in. The fact that this could kick in is a material event that has to be disclosed. If the lender waives it it is also a disclosable event.

The only acceptable reason for this type of action is if you are in transaction negotiations that will not be impacted by a tanking share price. If they are impacted by a tanking share price you have a legal mess.

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