Go and have a look at one of my disaster investment MZI (luckly only a small punt on a binary outcome) to see how this turned out.
A question for those that have been in the market longer than me - does anyone know of a company that was turned around in a similar situation to GCY (i.e. the resource was overestimated and a lot of debt)? I can't think of any, but it would be good to look at how it was done before.
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