Bullish Sign? - Bounced off 200 EMA, page-2665

Hello pb.....you mustn’t talk about Empire ...it’s under completely new management now but I did a whole lot of research on the previous lot after it was too late and I had lost a packet ( how green I was )and the story just got worse and worse .
NRW did well to investigate them more than I initially did, and walk away.

Gascoyne looked very solid at first - the bank had been all over it ..and I believe management was in earnest, just misled about grades.
For now it seems a regular sow’s ear has bristled its way to the surface rather than the company taking off on the ‘golden wings ‘ it exoected the deposit of the same name to provide, so how can it suddenly pay us back on short notice ?
I think there is no significant money coming in there (yet?) and everyone’s just beetling down and mining on in the (reasonable) expectation grades will improve deeper down.
....and if it doesn’t get better well, like lithium, the big picture on gold seems not to be so negative...as you say in the worst case scenario we end up with a useful mill (and our new RCR own maintenance team now to keep it in good order) in an area where there are plenty of other mines....
Plus whatever gold is in the ground deeper down plus whatever is over at Gascoyne’s other tenement at Glenburgh which I think I remember reading was in the same kind of area as Tropicana - a very profitable mine ( here is something https://www.gascoyneresources.com.a...8/170321-Investor-Presentation-March-2017.pdf)


Altura?
https://www.australianmining.com.au/news/altura-mining-pushes-lithium-ramp-up-with-funding-package/
They put their money where their mouth is ..... I will buy into that cap raising if I can ...



I hear what you say (saw what you wrote) about my “worst case”( ie $12 million less than expected in the interim report possibly being a bit harsh,) but I think if we are going to rein in our collective excitement and steel ourselves for the worst of all possible semi-reasonably imagined negative scenarios then expecting a possible $6 million shortfall on earnings is just too little.
We need something harsh (H.A.R.S.H ) so that we might adequately prepare ourselves for the unlikely event of real fund manager disappointment.... such that could dislodge us even from the ridiculously good value of $2.08 that we currently sit on?

So why not drain the glass down to its dregs and consider how the market would receive $12 or $15 million less?
$30 million earnings instead of $45 million?.
That way we can be even more thrilled if the interim report shows earnings of anything higher than $30 million .

That is logical, isn’t it?