GCY 1.82% 54.0¢ gascoyne resources limited

Director buying all you need to know, page-12

  1. 28,822 Posts.
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    I’m not sure what else you would want to know. Grades improved from 0.62 in June qtr, to 0.82 in Sept and 0.98 in Oct, with even higher grade stockpiled. It just seems like a normal ramp up with a couple of teething problems. Grates being replaced, processing plant performing, if they hit their c.20,000 oz target that will give them a -ve cash flow of about $9m, adequately covered by reserves and quite a bit of one off payments included.

    They seem to have been quite open about the issues and how they’re going to solve them. The 5B is the most detailed I’ve ever seen in terms of the forecast for this quarter. What do you think they’re hiding?
 
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