Lobon it’s the nature of mining. They clearly misjudged the grade potential and after that with the cash burn each month and debt on their shoulders panic set in. Crossing the valley of death from explorer to producer is so procarious. I learnt that with Morningstar and it costs me $200+k.
Fingers crossed for everyone they find a funding solution and management and BOD don’t just cover their backsides and turn this into a blame game. This company and project is salvageable.
GCY Price at posting:
10.0¢ Sentiment: Sell Disclosure: Not Held