GRY - Gryphon Minerals

[Sean K]

as you would of found out very prospective ground SHX has on offer right next door to the canadian Redback and lease has similar geo....

I still haven't looked into the ground in detail, but I should have.

This just keeps going, but will be hard to beat this resistance around 90c. Still, what a run since 5c. Incredible to watch it unfold. I was only on half of it unfortunately. Damn it! lol

I have it at $150 an ounce EV at the moment. The average for West African explorers used to be $30 an ounce. Hooly dooly!

Having said that, AND is on about $750 an ounce.

Either these explorers are horribly overvalued at the moment, or POG is going to keep running to the moon.

(note, spreadsheet may be out of date for some stocks)

 

[Bigukraine]

I still haven't looked into the ground in detail, but I should have.

This just keeps going, but will be hard to beat this resistance around 90c. Still, what a run since 5c. Incredible to watch it unfold. I was only on half of it unfortunately. Damn it! lol

I have it at $150 an ounce EV at the moment. The average for West African explorers used to be $30 an ounce. Hooly dooly!

Having said that, AND is on about $750 an ounce.

Either these explorers are horribly overvalued at the moment, or POG is going to keep running to the moon.

(note, spreadsheet may be out of date for some stocks)

Thats the reason why i got on board SHX after doing research on the ground they held and around the same time Rudd dropped the bomb shell re the mine tax and thought there could be a chance of some takeover action..... didn't have to wait long... GRY got rid of their aussie exploration targets to another explorer for a 16 odd % stake(can't remember the name but are asx listed) and then went after SHX.... imo gold will stay around the $1100-$1200 an ounce mark for a while yet and during this time over the next 6 months drilling and results should filter through and if good ......who knows what will happen.....
I agree with you on the .90c resistance and a bot is at work at the min in GRY....so all i can do now is wait for my transfer to GRY and see how things unfold....

 

[Sean K]

I agree with you on the .90c resistance and a bot is at work at the min in GRY....so all i can do now is wait for my transfer to GRY and see how things unfold....

Well, good luck BU. GRY should end up a multimillion ounce owner and producing up to 200k a year I reckon. A major should have taken them 2 years ago. Poor action really from the likes of an LGL that could have taken them for a pittance and reaped the rewards.

I do hope GRY crack on with going to DFS in short time to start getting some cash rolling in. The risk here is they just keep drilling and drilling and drilling until POG falls over and then they're a has been.

 

[Sean K]

This was 6 c not long ago.

Looks like it's taking a charge at breaking through 90 resistance.

What a great return.

Looking very expensive now to me at $156 an ounce, for an explorer..

AND on $938 an oz looks absurdly overdone.

 

[Sean K]

I thought that run yesterday was a little suspiscious.

No leaky ship here.

Gryphon Minerals announces 1.5 Million oz gold resource:
Banfora Gold Project, Burkina Faso

Highlights

 JORC inferred resource estimate on Nogbele & Fourkoura deposits at the Banfora Gold Project of 21Mt @ 2.2g/t for 1.5 Million oz of gold
 Mineralisation remains open at depth and along strike
 The resource is shallow with 80% above 100 meters depth
 Recent deeper drilling targeting mineralisation to 150 meters depth intersected high grade gold, including 20m @ 3.30g/t, 14m @ 5.09g/t and 10m @ 4.20g/t highlighting the potential for significant growth at depth (Refer ASX Ann.30/08/10)
 Gryphon aims to build on this resource by targeting “step‐out” mineralization as well as high priority regional targets, to establish a multi‐million ounce gold district at Banfora
 Work to commence shortly on Tijirit Gold Project, adjacent to the world class +7Moz Tasiast gold mine, Mauritania

 

[Sean K]

Outstanding breakout a few days ago through 90c. Retraced, tested support and bounced. Probably had an assist by the AND excitement. Could be one of the best performers on the ASX the past 2 years. 5c to $1.00. Not bad.

 

[Sean K]

Shame no one is making money off this here by the seems. I was out yonks ago as it went overvalued. Now it's doing an AND and just going to crazy levels. This can not be sustained. I've said it before but unless POG goes balistic, a fe goldies are going to fall off a cliff. Trading over $200 an ounce now for an explorer, with some great upside but huh?

Maybe someone's taking a stake like AND?

 

[matty193]

Hey Kennas, thanks for all your thoughts. I've been watching this one for close to a year now and I decided I wanted in at 0.75, but thought it was overdone then, just look at her now hey?

Hindsight is a wonderful thing...

 

[Sean K]

Hey Kennas, thanks for all your thoughts. I've been watching this one for close to a year now and I decided I wanted in at 0.75, but thought it was overdone then, just look at her now hey?

Hindsight is a wonderful thing...

Yep a wonderful thing. Gryphon was always going to expand it's resource base considerably and has plenty to go. I'd like to see them get to 2m ounces and get a Reserve established and get throug feasability studies asap. Still, while the punters keep seeing upside in resource and takeover speculation for west african goldies it could keep running. This buying is pretty suspiscious imo.

 

[outback]

I can't help but feel that GRY, AND and similar are heading towards a smoking hole in the ground. I wish I had been in for the ride up, but would hate to be onboard if it starts to nosedive.

 

[matty193]

Another day, another 10% rise, another thought that I wish I would just buy in!

 

[Sean K]

I can't help but feel that GRY, AND and similar are heading towards a smoking hole in the ground. I wish I had been in for the ride up, but would hate to be onboard if it starts to nosedive.

Yes, will get to a point where there must be some decent consolidation where profits will be taken, some people will get fearful and jump ship while it finds a base again. Then the old hands and new holders take it higher. Or, gold goes through a decent correction and all juniors go with it. Or, a takeover comes in and it's off the market.

Work about to commense on the Tijirit Project they took from Shield. I haven't found much information on it really. Wonder if there's any gold there?

Amazing volume pushing this up the past few weeks since the outstanding break through 90c.

 

[outback]

Surely when genuine confidence in "THE" economy returns the prospect of gold as a safe haven will tarnish. All it will take is one rat to say the sky is falling and jump ship and down she goes.

 

[shag]

Shame no one is making money off this here by the seems. I was out yonks ago as it went overvalued. Now it's doing an AND and just going to crazy levels. This can not be sustained. I've said it before but unless POG goes balistic, a fe goldies are going to fall off a cliff. Trading over $200 an ounce now for an explorer, with some great upside but huh?

Maybe someone's taking a stake like AND?

well mate im making dosh on this fella
this is a major part of portfolio
bought in tons more when pru became a margin loader
started at sub 20
just lked the boys/geos/engers and the area
tjese two r 95pc of portfolio
will juust sit on them
cheers n thanks 4 graphs

 

[Sean K]

The weak support established at $1.40 looks in trouble on todays effort. Support way down there. eeeek. Needs to find something for buyers to come back in and hold her up.

 

[pedalofogus]

The weak support established at $1.40 looks in trouble on todays effort. Support way down there. eeeek. Needs to find something for buyers to come back in and hold her up.

It has been a few weeks since the last chart you posted on this one kennas. During that time, it has found support at 1.30 twice, and bounced pretty well late this afternoon after being down to 1.325 during the day.

What are your thoughts on it now? I reckon it has possibly been setting a base for another run, but would be glad to hear from more experienced charters.

 

[Sean K]

It has been a few weeks since the last chart you posted on this one kennas. During that time, it has found support at 1.30 twice, and bounced pretty well late this afternoon after being down to 1.325 during the day.

What are your thoughts on it now? I reckon it has possibly been setting a base for another run, but would be glad to hear from more experienced charters.

Yes, finding something there across $1.30, but risk is to the downside I think. Lower highs continuing down. Would be nice if $1.30 held and some sidways movement to shore up some decent support for further gains. Alway dangerous when a stock runs up so quick with no consolidation to fall back on.

I'm really looking forward to what they do with the Shield prospects.

They've been saying that work was going to start 'shortly' for a while now....

Quarterly Report

For the period ending 30 September 2010

Highlights

 Banfora Gold Project - Burkina Faso, West Africa

o Increased JORC inferred resource estimate on Nogbele & Fourkoura deposits at the Banfora Gold Project to 21Mt @ 2.2g/t for 1.5 Million oz of gold
- Mineralisation remains open at depth and along strike
- The resource is shallow with 80% above 100 metres depth
- Gryphon aims to build on this resource by targeting “step‐out” mineralisation as well as high priority regional targets, to establish a multi‐million ounce gold district at Banfora

o Ongoing Exploration (with further results still pending) includes:
- Recent deeper drilling targeting mineralisation to 150 meters depth intersected high grade gold, including 20m @ 3.30g/t, 14m @ 5.09g/t and 10m @ 4.20g/t highlighting the potential for significant growth at depth (Refer ASX Ann. 0/08/10)
- Ongoing step out and infill drilling at the Nogbele & Fourkoura deposits, intersects further shallow gold mineralisation (<100 meters depth)
- Regional mapping, soil geochemical sampling & trenching over the majority of the untested 1,200km² project area continues

 Tijirit Gold Project - Mauritania, West Africa

o Work to commence shortly on the Tijirit Gold Project, adjacent to the world class +11Moz Tasiast Gold Mine

 Corporate

o Gryphon raised $45.2million via a heavily oversubscribed share placement and initiated a share purchase plan to raise a further $3 million at $1.25, for a total funding package of $48.2 million
o Current cash position of $60+ million
o Gryphon is admitted to the S&P/ASX300
o During the quarter Gryphon reaches 94% interest in Shield Mining. The Company has now completed compulsory acquisition of Shield and controls 100% of the issued capital
o Mr David Netherway is appointed to the Board as a Non Executive Director
o The Company attended the Denver Gold Show, presented at the Africa Down Under Conference and recently completed an international investor road show

 

[shag]

Yes, finding something there across $1.30, but risk is to the downside I think. Lower highs continuing down. Would be nice if $1.30 held and some sidways movement to shore up some decent support for further gains. Alway dangerous when a stock runs up so quick with no consolidation to fall back on.

I'm really looking forward to what they do with the Shield prospects.

They've been saying that work was going to start 'shortly' for a while now....

Quarterly Report

For the period ending 30 September 2010

Highlights

 Banfora Gold Project - Burkina Faso, West Africa

o Increased JORC inferred resource estimate on Nogbele & Fourkoura deposits at the Banfora Gold Project to 21Mt @ 2.2g/t for 1.5 Million oz of gold
- Mineralisation remains open at depth and along strike
- The resource is shallow with 80% above 100 metres depth
- Gryphon aims to build on this resource by targeting “step‐out” mineralisation as well as high priority regional targets, to establish a multi‐million ounce gold district at Banfora

o Ongoing Exploration (with further results still pending) includes:
- Recent deeper drilling targeting mineralisation to 150 meters depth intersected high grade gold, including 20m @ 3.30g/t, 14m @ 5.09g/t and 10m @ 4.20g/t highlighting the potential for significant growth at depth (Refer ASX Ann. 0/08/10)
- Ongoing step out and infill drilling at the Nogbele & Fourkoura deposits, intersects further shallow gold mineralisation (<100 meters depth)
- Regional mapping, soil geochemical sampling & trenching over the majority of the untested 1,200km² project area continues

 Tijirit Gold Project - Mauritania, West Africa

o Work to commence shortly on the Tijirit Gold Project, adjacent to the world class +11Moz Tasiast Gold Mine

 Corporate

o Gryphon raised $45.2million via a heavily oversubscribed share placement and initiated a share purchase plan to raise a further $3 million at $1.25, for a total funding package of $48.2 million
o Current cash position of $60+ million
o Gryphon is admitted to the S&P/ASX300
o During the quarter Gryphon reaches 94% interest in Shield Mining. The Company has now completed compulsory acquisition of Shield and controls 100% of the issued capital
o Mr David Netherway is appointed to the Board as a Non Executive Director
o The Company attended the Denver Gold Show, presented at the Africa Down Under Conference and recently completed an international investor road show

well im not happy, the fkers still aint given me back my 30k for the spp, less the pultry 2kodd of shares per account.
ive a ton of them too so the pro rata c.ap obviouslty wasnt linked the stock held. why not just increase it, and not stuff us around.
these spp's have been sooo loose and more benefit to the insto's imo.
seems to have found support at 130ish?

from some other spp's i expected it to pop up post handout. a few oppies for us would have been nice like iva did.

i presume everyone got the 2 oddk's worth of stock.

i rang them to give them a drenching, but no reply.

hope they r better as gold hounds than keeping joe boggs happy.

 

[shag]

well anyone got their holding officially listed and or their refund back? im still ouit 26 odd k, tho i did buy them up on the market at little over issue price.
these goldies r a bit sus imo, tho maybne the tigtly held registry helps it run like its doing today.
someone else must b stupid enough to hold some of these too.

dml has a very convoluted but seemingly better spp.

 

[Sean K]

Very unusual run up today. Leaky ship perhaps.

Like PRU and AZM, I made a handy profit on this one selling it in September 09.