The qtly was not too bad with roughly cash breakeven (post CR and SPP) and operating CF +ve. That was in line with my interp of previously released data. Seems to me a step in the right direction.
Dec Q guidance downgrade a concern. Does this portend another CR? Will have to do detailed numbers.
Agree though that Murray stepping down is a big red flag. Perhaps more a red flag about his actions (presumably had opportunity to ask the right questions before accepting chair) than about GCY's performance though.
GCY Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
