Big V shape recovery’s over the next 6 - 12 months or so. Am planning on doubling down to bring my average down to 14 cents over the next two months.
Not concerned about the company’s capital position, they have enough to continue + gold sales without any dilution for another 4 - 5 months.
Yes they have a few teething problems and it’s very risky but the stock is way oversold on multiple indicators. Yes the gold grade is low but the plant is producing some of the highest recoveries above 95% and the GCY share price is lower than the enterprise value.
GCY Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held