Really wasn’t expecting that trading day we’ve had.
Production lower, revised gold grade lower and plant issues... Not to mention the change of management
Ian probably thought it was below his pay grade so he chose to leave... AGM will be a shocker.
Market has clearly over reacted and things should bounce tomorrow.
GCY is now in the bottom draw for the next 12 months, who would of thought it could get this bad. It’s like the company wanted investors to loose money the way they’ve released the announcements today. I think even the fundies that invested in the last CR have been fleeced which is usually not the case, not a whole ASIC can do here... the cycle repeats its self, rinse and repeate.
GCY could easily be a take over target in this current market at these prices and low number of shares on issue.
Ann: September 2018 Quarterly Activities and Cash Flow Report, page-37
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