GCY 1.82% 54.0¢ gascoyne resources limited

Yep that would probably be caused by an unforeseen operational...

  1. 93 Posts.
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    Yep that would probably be caused by an unforeseen operational calamity or a legal dispute with the mining contractor which necessitate further funding support (CR or other).

    On the other hand if they deliver to plan we could see cash neutral (including CR) in Sep Q and single digit $m cash generation in Dec Q which should provide confidence to the market that D will indeed generate cash and underwrite exploration / G development (neither of which are currently priced in IMHO).

    Perhaps then we will see 40 cents or more even.

    Having recent senior board apts plus Rennaissance on the register gives me some confidence in the latter.

    No guarantees though!


 
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