Real shame this one all that time and shareholder money wasted unless they can lift grade...No wonder
Managing Director Mike Dunbar resigned after a long run with the company - he realised the dire situation that GCY was in because of himself and fell on his sword and then to rub salt into the wound Ian Murray last's 3 weeks after realising probably why Mike fell on his sword - Happened before CCU and it will happen again - Au could save it but really doesn't deserve to survive with the mistakes / miscalculations they have made at least with DRM and 4.4G/t it had a chance - spoke with those guys and AK long and hard and understood the situation (not a complete cash cow but not bad and more potential to come IMO once merger sorted and announcements free flow again} ....The bounce off the DB could be a trade but It probably will only be a dead cat bounce unless of course by some miracle they can get some high grade ore on the ROM pad...or the Au price goes to 2000US.... But watching closely for a turnaround but really cannot see it happening...unfortunately...
GCY Price at posting:
9.8¢ Sentiment: None Disclosure: Not Held
