Brokers been selling down cause they new CR was coming.
They are now loaded up at 30c... management will now give news flow of production and assays drive the SP up 10-20%+ and brokers will start selling out.. this will all happen before retail SPP is even completed.
When the SPP is done.. SP will be back to 30c or less and retails will lose out in the short to medium term.
I hope I’m wrong but probably not.. time will tell.
GCY Price at posting:
32.0¢ Sentiment: None Disclosure: Held