GCY 1.82% 54.0¢ gascoyne resources limited

Hi Spec Given the amount of decent intercepts in the last 6...

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  1. 23,765 Posts.
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    Hi Spec Given the amount of decent intercepts in the last 6 months to me it is tracking to be a 12 year mine , the recent discoveries certainly gives them optionality with ore sources and potential improved early cash flow ie 8 meters at 12 oz a tonne from 53 meters in a new discovery would make any mine dog salivate .
    I wonder though if the focus by MD Dunbar on exploration has meant that he was not keeping fully in control of the ramp up . I am in a similar situation at the moment with a project , I let a project manager do the work and found he has made short cuts in the compaction and choice of hard fill for a foundation after the fact, because I had been too trusting , and had too much else on my plate to micro manage .

    Sabine raises a good point "Not saying that I don’t think people,are upset but they are getting on with stuff I hope, and moving on and through this time."
    Yes it is important to move on and not have this result is a legal stouch between NRW and GCY , I wonder if GCY could do with a slightly different board or management structure where a board or management employee who is a mining engineer could have almost equal status to Dunbar and concentrate on working with the mine plan while leaving Dunbar to concentrate on his forte of exploration , probably would have been a good choice if Allen Kelley at Doray had done that early on

    It was a joint company secretary that resigned not a CFO , still yes not a good look but may have meant nothing to .
 
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