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1.82%

54.0¢ gascoyne resources limited

Plenty of buyers still, the low is in, this will not get into...

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jackfisher1

239 Posts.

17

31/10/18

09:01

Post #: 36325707
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Originally posted by ShanghaiBobby ↑

Originally posted by Pgmtrader
I doubt you will see a bounce soon. if anything this might fall below 10 cents
I'm gonna agree with PGM here. Their debt is piling up, and the massive shortfall in production numbers vs. anticipated numbers project <0.10 SP. There's massive potential for this company, much like what happened with NST, or AMI, but like the saying goes, it's always darkest before dawn...

I'm eyeing up an entry point of <0.06.

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Plenty of buyers still, the low is in, this will not get into single digits.

Only chance this has of going into single digits is if they can’t repay the debt.

GCY Price at posting: 12.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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