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54.0¢ gascoyne resources limited

The more worrying thing to me would be the resignation of Ian...

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nordesmic

3,000 Posts.

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29/10/18

10:13

Post #: 36294183
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Originally posted by speculator101 ↑

It is a shame this had to occur, but... then just because someone is excellent at exploring and running a small cap does not mean they are the right person for the job at running a gold company in production.

Mike Dunbar has been pretty amazing to date, in how he has led the company etc. I think its important to note that there was no board friction etc, at least publicly. He has resigned, in the interests of all shareholders. He holds a lot shares and IMHO will keep holding.

The board and team in charge of GCY are now very experienced and have impressive histories. Hopefully they can proven their worth in the current quarter and hit commercial production as planned.

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The more worrying thing to me would be the resignation of Ian Murray only 2 weeks into the job after doing due diligence. He's probably looking to settle into a few cozy directorships and didn't want to risk any damage to his reputation if things go south.

GCY Price at posting: 20.0¢ Sentiment: Hold Disclosure: Not Held
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