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
GCY Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held