Happy to see that others were able to take up the placement.
Should ensure that GCY is in a strong financial position going into the December quarter.
They stated that any money raised would go to drilling and while I am all for that, I sincerely hope they only undertake some targeted air core to save $$ until they can safely declare commercial production.
A shame the usual stuff is happening to the gold price right now, but... luckily for GCY it really is of little consequence, at least until the middle of next year due to the large amount of hedging they locked in.
I wonder if we will get an update soon about further drilling at Tanqueray prospect?
GCY Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
