Hi Davisite ...I don’t know how long you have been in the market and I have never heard of any gold mines in similar situations which makes me unqualified to respond with any roadmap to potential success.
However I do know the contractor at Gascoyne , NRW Holdings. was down to 4c a share through being betrayed by a client ( Samsung) , sector downturn, shorting and whatever else ......
Yet since the low point in 2016, NRW has risen rapidly to a position where it is stronger than ever through the calibre and strength of the management, and the improving sector.
If, by association, Gascoyne can succeed, then it has the right associates.
Also gold prices
are improving, but as Spec noted earlier, as far as the spirit of this management team goes .....it is hard to see where the ‘heart’ is . Many of the earlier executives have effectively bailed....and not just Mike Dunbar and Ian Murray.
In case it is if interest here’s a link to another post with some past research into management background;
37102053.
It seems to me there may have been a bit of an ex Giralia ‘old boys network’ although I know nothing of that company ...
hmmmm yes that IS what happened according to this 2009 headline ..I can’t read the rest as I don’t subscribe...
https://www.miningnews.net/capital-markets/news/1224934/giralia-helix-launch-gold-play“Giralia, Helix to launch gold play IRON ore explorers Giralia Resources and Helix Resources are teaming up to spin off their Gascoyne region gold assets in Western Australia.....”
Current top 20 shareholders as of February 1, 2019:
https://www.gascoyneresources.com.au/investor/top-shareholders/Anyway there does seem to be a sincere belief based on (very) intensive new assessments last year that if they can just get below
the cap rock or whatever it is they are dealing with, grades will improve.
And there was that investor presentation just five weeks ago
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4ge7zhWZp/Rgke92GA==(In retrospect it reads a bit like a ‘for sale’ ad?)
Also as has been noted, Macquarie’s been advising on the best way forward ....
That their advice has not included how to get GCY organised enough to get reports in in time is disappointing.
