GCY 1.82% 54.0¢ gascoyne resources limited

Quarterly must be due out very soon and how the operation is...

  1. 273 Posts.
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    Quarterly must be due out very soon and how the operation is going is far more important than board changes. Dunbar had lost confidence of the market and failed to communicate in a timely manor. That will now change and its all about ramping up and turning cash positive. Vey happy that Marl Le Messurier has come on board as anybody that know the evolution story speaks very highly of him. 

    We have a company with a market cap of approx $130m about to go to commercial production at an annual rate of approx 100k which should be valued much higher. 

    You get Glenburgh for free which has 1mil oz inferred resource and in todays market looking at BGL with 1mil oz inferred albe it at higher grade with a market cap of $145m or BRB with 600k inferred resource and market cap of $65m so what is Glenburgh worth. now with a new conservative MD and ramp up continuing and i am sure a few more hiccups but bottom line the company worth way more than than todays valuation.As long as Quartley sticks roughly to guidance then things will be ok.

 
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Currently unlisted public company.

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