GCY 1.82% 54.0¢ gascoyne resources limited

This stock will fly, page-38

  1. 11,185 Posts.
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    Pretty hard to get ripped a new !!! when you don’t own any.

    I’m not against owning them once more information comes out about how permanent the grade problem is. If it stays low they become a high cost producer and there is no way around that for first two years bar finding a new high grade source that can be drilled, permitted and developed within 12 months. Highly unlikely.

    The company will soon announce a new mine plan and the company’s value can be assessed against that and its performance for the December quarter. Just buying a stock because it looks cheap is not a strategy in my opinion. Stocks can always get cheaper. There needs to be evidence that says the company can support its value going forward.Esh
 
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Currently unlisted public company.

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