A few positive catalysts coming IMHO - if they achieve their capital raising preso targets, cash break even quarter in Sep, modest ($m single digit) cash inflow in Dec (absent material working capital movements).
Plus M&A activity on the up (eg RMS / EXU) could provide a surprise.
Patience may be rewarded here.
Agree though no point in following rights at 30c (no matter how long extended) when you can buy cheaper in the market.
GCY Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
