GCY 1.82% 54.0¢ gascoyne resources limited

Ann: December 2018 Quarterly Activities and Cash Flow Report, page-18

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  1. 4,317 Posts.
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    I’m guessing you guys have been holding out for the story and carrying losses - sorry for that I know it’s not fun.

    I’m not at all - just following markets closely - XGD is by far the most primed of all the ASX indices - gold is lighting up world markets look about to roll over - AUD at risk from a local property nosedive.

    Nothings guaranteed but I’m just a simple trader seeing trends, there’s lots of smart chartists on HC and other places seeing it - there is heavy smart money entering AUD gold.

    GCY is sure marginal but the big boys have run -will keep running and the small caps are picking up too - these marginal ones will be very valuable if gold keeps going as they are priced for failure basically - AUD gold gets up to $2,000 and we are looking at $50 mill profit here - the market won’t ignore it...GCY will rise on hype.

    All ifs and buts but I would be watching the indicies here
 
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