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54.0¢ gascoyne resources limited

I couldnt believe that just prior to production they were still...

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albatrosss

915 Posts.

35

27/03/19

08:28

Post #: 37894931
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Originally posted by BraveNewWorld: ↑

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.

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I couldnt believe that just prior to production they were still drilling while their nose was bleeding.
ps are you sniffing around morningstar again Brave?
'thats brave!'
ps i lost heaps here like you there. Thus not laughing.

GCY Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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