GCY 1.82% 54.0¢ gascoyne resources limited

What is written and what the MD stated seem two different things...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 23,765 Posts.
    lightbulb Created with Sketch. 258
    What is written and what the MD stated seem two different things , he states around 15000 oz so since then to now that is another 2000 ounces not 250o ozs .
    Also even if it was 2500 ozs in 2 weeks that is only 1250 a week over a quarter that would be (1250 * 52 weeks )/4 = 16250 oz

    http://www.gowebcasting.com/events/.../gascoyne-resources-limited/play/stream/26007

    Maybe it was a shame that director Michael Dryer resigned in April given his mine engineering expertise could have come in handy for the ramp up

    Interesting to see on the second to last page of the presentation today that the oxide ore averages 1.7 grams a tonne which is 31% above the LOM average grade , guessing they will be hitting that oxide ore once they get through the laterites which could improve early cashflow if the recoveries are good .

    Sabine stated "CEO Jules Pemberton specifically acknowledged NRW’s appreciation and respect of Gascoyne at Diggers & Dealers and he doesn’t ever use one word lightly ."

    If I was the MD Michael Dunbar of GCY I would be pretty upset with Pemberton's performance overseeing the Dalgaranga ramp up in mining , and would be wanting my pound of flesh , plus some over performance going forward not a statement that mining is currently 90% of LOM .........but I am not the MD
 
watchlist Created with Sketch. Add GCY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.