GCY 1.82% 54.0¢ gascoyne resources limited

@jantimot … I have to agree that the Sep2018 quarterly report...

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    @jantimot … I have to agree that the Sep2018 quarterly report details the situation.  As I see it:

    *  the first 25 days of the Dec2018 qtr produced 3806oz (ie 152.2 oz/day)

    *  extrapolating would give around 14000 oz for the Dec2018 qtr (92 days)

    *  the company has a revised estimate of 19000-22000oz for the Dec2018 qtr (earlier forecast of 25000oz)

    *  to achieve the lower estimate of 19000oz for the qtr, the company needs to average 226.8 oz/day for the remaining 67 days of the qtr

    *  this represents a 49% daily increase over the first 25 days of the quarter 

    *  is this achievable?

    *  who knows!  However, I thought it was worth a punt … so bought some speculative shares last week!     

 
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