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54.0¢ gascoyne resources limited

In the main investors in companies like GCY are not idiots and...

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Davisite

10,813 Posts.

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29/10/18

21:21

Post #: 36304897
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Originally posted by Midnight26 ↑

Actually, after rereading it, this one is a cracker!

"The results from the current extensive grade control drilling program are expected to confirm the view that we have already mined through the areas of variable grade and tonnage in all pits."

...so the dirt we just mined was the dodgy dirt (that lead to a new resource model). Everything else is just fine. Don't worry about the other 15Mt. The 25,000 metres of GC drilling we just finished won't change a thing.

They should be moving heaven and earth to convince investors that the mining operation is robust but so far I can't see much evidence, just assurances.

All IMHO.

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In the main investors in companies like GCY are not idiots and they can they can see there are massive holes (unfortunaly not filled with gold) in the latest news. It is possible that all the bad news is out today, but history would suggest it is unlikely.

On your previous post low grade doesn't mean disaster, but it does mean that any mistakes are amplified.

GCY Price at posting: 12.0¢ Sentiment: Hold Disclosure: Not Held
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