I have considered selling and probably would of if the big dog from Evolution Mining were to leave.
Situation is pretty diabolical at the moment, not much happening here for the next 6 month or so.
Originally purchased at 31 and 29 cents, I reckon there’s more upside if I doubled my holding and continue to hold rather than taking a large loss.
My opinion: few short term issues, market has over reacted a little and the stock has been smashed down. Resource clearly needs more interpretation and block models revised. 12 month price target is 37 cents. If they need to do another cap raise I see the fundies being all over this.
GCY Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
