GCY 1.82% 54.0¢ gascoyne resources limited

Ann: September 2018 Quarterly Activities and Cash Flow Report, page-10

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  1. 7,303 Posts.
    lightbulb Created with Sketch. 664
    A fair and accurate summary Loki.

    Cash - ok, but... as you say, they had to raise. But the timing was damn poor.

    Grade reconciliation is also disappointing, but mainly regarding Golden wings. Which was supposed to be the higher grade kicker at the start.

    Clearly Mike was way out of his depth, but... he should have bloody realised this and done something about it months ago!

    I agree with you about the Dec quarter being a negative one. Around $5m is my guess.


    Such a shame they cannot add the grills they need right now, as that would probably allow them to break even.

    Such a brutal day for shareholders. I was tempted to sell after really getting through the quarterly, but... I won't, even though GCY is now becoming what I had hoped it never would, because of all the supposed planning that Mike D and the team had done.

    All the bloody phone calls to Mike, what a waste of time. 

    Almost $200m will be spent on this project before it hits commercial production!!! Arg!


    The Sp could even half by the end of the day, although I think that would make it oversold, but.... sadly today, it deserves to be smashed. 

    Which is hard to type as I watch my 10 years of holding and supporting the company go up in smoke (profit and trust).


    I can only warn people from rading my posts on HC in regards to gold stocks, except for the ones that go up (the rare few). 

    Not looking for redemption.


    RED... MML... BLK.... EAR... KIN.... BDR... DRM... PGI... etc. 


 
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