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54.0¢ gascoyne resources limited

A Bad Joke, page-19

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sabine

5,305 Posts.

459

19/09/18

12:20

Post #: 35695454
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Originally posted by speculator101 ↑

Hey Kyn, cheers for the chart. Its not a pretty one and while I detest the idea of GCY and BLK sitting in the same sentence, the proof is in the pudding... GCY must prove that all the hard work over the past 8 years has not been for nothing, they must hit targets, they must knuckle down, they must not focus on exploration, even though I know they are chaffing at the bit to do so, its all about making money first, THEN find Dalgaranga 2.0 and expand Glenburgh into a multi-million ounce deposit.

I am happy enough the have extended the SPP, but alas I still won't be able to participate (just one holder out of approx 2200, so not great loss I suppose). I have held management in such high regard that it probably did blind me a little to the somewhat precarious position they got themselves into. Anyway, what's done is done, its all about whether they hit their targets now, and heaven forbid they declare commercial production early like BLK did! DCN has got the right idea, there is no rush to declare.

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Speculator I thought a requirement of the funding was that they must focus on exploration .
Do you not recall that as well ?
Cheers

Last edited by sabine: 19/09/18

GCY Price at posting: 33.5¢ Sentiment: None Disclosure: Held
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