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54.0¢ gascoyne resources limited

Ann: September 2018 Quarterly Activities and Cash Flow Report, page-17

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4,287 Posts.

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29/10/18

13:31

Post #: 36298003
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Originally posted by loki01 ↑

Spec

The share price is a bit of a disaster at this point in time, being down 50% today.

I have no idea if they will come out OK in the longer term.

Looks like people dumping it for whatever they can get. And possibly also shorters may have got a hold of it and moved it down even more.

I will have to give this doggie a bit more thought to see if there is a reasonable chance of a turnaround, unless the gold price gets to AUD2000/ounce, which I think there is a chance in 2019 due to a falling AUD. The thought of that made me decide to put a small amount into buying a trading parcel just now at 12 cents. If it drops to 8 cents I may sell out.

Good luck.

loki (I can not help taking a bit of a gamble just to get my blood running, even if some of it get spilt.)

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Loki with only 16m shares traded of the circa 515m, could get nastier.

I feel for investors, sorry to all.

GCY Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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