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

Bullboard Posts

Post by davetrouton Apr 15, 2014 1:23pm

150 Views

Post# 22453641

RE:makes no cents

There is not necessarily a sell every time there is a buy, and vice versa. The market maker is required to maintain an inventory of shares that they own personally. This market maker has a huge spread between bid and ask to profit on his own shares, Yes, he does put buyer and seller together but doesn't need a seller every time there is a buyer. If he bought shares for sale at .06 when he has the ask at .09, then he makes 50% when he finds a buyer at .09. This guy is making a very nice living right now on the spread he has created. The stock will not stabilize until the conditions for exitiing banruptcy ae disclosed.

Waterton could help out by disclosing production, production costs, current grade of gold being processed, etc. Their silence is puzzling, unless it is somehow court ordered.

Bullboard Posts

Transportation technology stock secures second major contract in a week