Get on with the job, page-6

Well on some positive....

ARGONAUT still see some recovery in share price - although $0.21 (heavy discount as stated below) still a huge slap in the face for those older holders. Great for those buying past week though.
Gascoyne Resources (GCY) - Company Update - Target Price Updated

Monday, 05 November 2018 10:25


Gascoyne Resources (GCY) recently announced Board changes which saw the departure of the Managing Director and the newly appointed Chairman. The stock was severely sold off as a result of this and the disappointing Sept Q production report. We recently met with the new management to flesh out the recent developments and how these might be rectified going forward. A number of issues have arisen which have caused a cascading effect to lower production and cashflow which is critical in the early stages of any mining project. We do see many of these issues as being mitigated over coming months which is a key positive. Argonaut views the share price at current levels presents a significant, albeit risky opportunity. Our modelling reflects a heavy discount to account for production risk going forward, but still implies a ~70% upside to the current share price. Speculative Buy.

https://www.argonaut.com/news/lates...-gcy-company-update-target-price-updated.html