Australia's largest stock trading and investment forum Australia's #1 stock forum

GCY

Click for more information

1.82%

54.0¢ gascoyne resources limited

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

First 8 Last

Share
Profile

Follow
jackfisher1

239 Posts.

17

31/10/18

09:01

Post #: 36325707
Share

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.

Expand

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

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

US election outcomes: Key economic and market takeaways

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 5 more messages in this thread...

First 8 Last

Add GCY (ASX) to my watchlist