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Gryphon Gold Corp GYPHQ

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

Bullboard Posts
Post by darwindon Feb 19, 2013 12:20pm
242 Views
Post# 21010373

CEO responded

CEO responded

 

I emailed the company and Oneil did respond. Vague answers but at least he responded.
 
If you are kind and professional in your email he will respond it appears. I sent it to all ththree contacts.
 
Here it is in summary:
 
Why this deal so quickly?
 
Oneil: We looked to many options few were feasible in the time frame needed. This option preserved the most value for the shareholder
 
 D:   I'm not sure about that but moving along...?
 
 
Were any other options explored? Is the current plan feasible? Can we see the plan for success in writing?
 
Oneil: With shareholder participation we may do a combination of raise equity money, get cash contributions from the JV, or do a debt deal.
 
D: something else in the works?
 
Would consider taking stock instead of a pay raise. Do you plan of having skin in the game?
 
Oneil:  We continue to look at all alternatives including the one's you mentioned.
 
D: Ok? Lets see it
 
 
Bullboard Posts