GCY
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1.82% 54.0¢ gascoyne resources limited

Ann: September 2018 Quarterly Activities and Cash Flow Report, page-24

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  1. nk
    2,808 Posts.
    lightbulb Created with Sketch. 18
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    29/10/18
    15:19
    Post #: 36299966

     first debt repayment due 31 Dec18


    No way they will achieve that,  they had $33milion payables at 30 June 18 on top of the secured debt and will be cash flow negative Dec q


    This is now a "work out" .


    They will need to raise another $15million to pay for their sins, then its a buy


    I just  bought a small holding just in case  of a rights issue

    GCY Price at posting: 10.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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