GCY 1.82% 54.0¢ gascoyne resources limited

same here. I would love to gcy turn it around.having so much...

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  1. 915 Posts.
    lightbulb Created with Sketch. 35
    same here. I would love to gcy turn it around.

    having so much debt with all other issues that went/ is going on is the bad part of it.

    If gold price stays up they could keep their heads up above water for a while. They are getting an average price of around 1760 per ounce at the moment with their 1713 avg hedging.

    That would give them somewhere around 10million profit this quarter. If asic around 1350aud.

    if its not a takeover they are worried about ( for approaching mac bank) , then there must be some really bad issues. 


 
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