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54.0¢ gascoyne resources limited

Just curious why you think they will be able to hit 16,000 oz...

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Davisite

10,813 Posts.

863

01/02/19

16:43

Post #: 37302987
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Originally posted by speculator101 ↑

I should add that, there is a $1.5m final payment for Dalgaranga due at the end of the March quarter, plus I estimate a debt payment of $5.1m.
If they are able to re-negotiate the payment, then total outflows might decrease to around $38m, which would see GCY reduce their cash liquidity position to around $25m which would be a good outcome (assuming they are able to produce 16,000 ounces and receive around AUD $1750).
Nothing to brag about, but then, they need to get through 5 or so months, and then the strip reduces and the grade keeps increasing.

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Just curious why you think they will be able to hit 16,000 oz for this quarter given they only managed 3725 oz for Jan and they included this statement.

As previously foreshadowed, ore stockpiles remain low and will require careful management through the first half of the calendar year. CY2019 guidance included some milling of low grade stockpiles in the March 2019 quarter.

GCY Price at posting: 11.5¢ Sentiment: Hold Disclosure: Not Held
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