Topped up today at 24 cents - great buy at this price in my opinion.
Looking at the recent presentations I've put together a table of total ounces versus presentation date. Assuming the inputs are fairly accurate it looks like production has ramped up considerably towards the end of the quarter. If the most recent rate of ounces/day can be sustained through the December quarter we are looking at 28k ounces over the quarter which would beat analysts expectations (25k in recent Hartley's report).
Column 1
Column 2
Column 3
Column 4
Column 5
0
Report Date
Total Ounces
Difference
Days
Ounces/Day
1
Tuesday, 7 August 2018
9,500
2
Monday, 13 August 2018
10,000
500
6
83.3
3
Monday, 24 September 2018
14,150
4,150
42
98.8
4
Wednesday, 3 October 2018
17,000
2,850
9
316.7
GLTAH - its been a tough ride but I think the light is at the end of the tunnel!
GCY Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
