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54.0¢ gascoyne resources limited

Ann: Results of Annual General Meeting, page-18

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plough

23,765 Posts.

258

29/11/18

14:45

Post #: 36689585
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Originally posted by Davisite ↑

GOR is certainly not being loved by the market right now, but unless you know something I don't they seem to be doing what they set out to do. At least any cost overruns are Goldfields' problem now. Lots of risk building and getting up to production a new mine.

A new chairman with great experience walking so soon after coming into the job with zero explaination at the same time the MD goes is not encouraging. We still have no idea of what happened.

On the positive side everyone left at GCY seems to be pulling out everything they can to turn the ship around. GCY could be the next DRM (before that went sour), but if it is there will be plenty of time to get on board.

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I spent an evening drinking and eating with 4 of the engineers who were designing the plant for GOR , not sure if they were at the build stage then , they had just finished building a tungsten plant for WLF near Portsmouth England , that company is now history .
I will leave you to join the dots if you feel like it

GCY Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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