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1.82%

54.0¢ gascoyne resources limited

I agree. Given the amount of cash sunk into GCY it looks very...

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Davisite

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30/10/18

11:07

Post #: 36311173
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Originally posted by Lobon ↑

This leaves gcy wide open for a low ball takeover offer , mine build cost and cash to hand is plenty more than market cap right now. obviously not taking into account the debt.
A weakened board (oh the irony) may cut their losses and move on elsewhere .

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I agree. Given the amount of cash sunk into GCY it looks very cheap.

With quality management these assets could make a lot of money for someone. The problem is right now nobody knows if they can trust anything the company has said. Buying GCY is a bit like buying a pig in a poke.

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

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