2 mentions of GCY:
"The NRW business agreed to provide working capital support to Gascoyne Resources where NRWis undertaking mining activities at their Dalgaranga project. The support is in the form of a second ranking securedloan facility of $12 million of which $10.8 million was drawn in early January 2019. "
and
"Cash holdings improved in the half-year due to strong earnings growth and continued attention to minimising workingcapital increases. Working capital growth was mostly due to providing extended credit terms to GascoyneResources."
I think the extended credit terms have impacted the cash as you say, but maybe not the loan yet?
Chart Update, page-788
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$3.95 |
Change
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Mkt cap ! $1.574B | |||
| Open | High | Low | Value | Volume |
| $3.97 | $3.98 | $3.92 | $2.104M | 533.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 14160 | $3.93 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.95 | 10387 | 3 |
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