Something wasn’t right obviously - the CFO, the weather, the lack of machinery and the fact it was common knowledge the initial grades were not going to be as good as down the track ..... oh and the gold price fell didn’t it ?
...And various large investors decided to dump shares -possibly knowing they would force a cap raise at ridiculously low prices for a working mine with a head who is highly thought of - by some at least, a tier one operator in NRW, a six year life, better grades ahead and great exploration prospects including both at a well thought of new site and in the vicinity of the current mine at Dalgaranga.
..will it be right in the future?
I took up shares in the cap raising and have felt pretty sick to see the price go lower than 30c but retain conviction company value will improve and hope that this announcement re “material” results bodes well for all holders .
And what’s all the bad mouthing good for except to run the price down so someone can score a better deal.?
If it’s a warning for naive investors to stay away I am sure they can see the risk for themselves in reading even a little on these threads, company announcements and by looking at the price .
Cheers and fingers crossed for good news
GCY Price at posting:
27.5¢ Sentiment: None Disclosure: Held
