News: GCY Gascoyne Resources Says Co To Undertake Share Purchase Plan To Raise Up To $5 Million, page-20

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rastus64

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23/08/18

07:47

Post #: 35112104
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Originally posted by Ted Baxter ↑

Mate- What don't you get about this??
What you've just written is complete and utter tripe!! DYOR - don't talk about it - go and do it!

They are issuing another 80MILLION shares at .30c!!!!

What do you think a good return on your money is these days 5-8% ? 10%? - pretty damn good (most credible Super funds are doing around 9-10%)
20% - fan-bloody-tastic!
So what do you reckon Mr Hartley's and other Instos are going to do when GCY Sp gives them profitability of 20% (36c)? I'll tell you - SELL !!! And run around the 'Switzer Olympics' with a big forkin gold medal around their chest!!!
And who is going to be buying in to give them their big profits - I guess you dopey draws!!

The price of AU is the same all over the world mate - it's only the exchange rates that differ!
And yes it hasn't gone down that much to warrant the big drop with GCY - the drop here was all about the CR.
Your posts are all contradictory!
Thomson Reuters had a year end valuation of 86c ,(as did the invested Companies such as Hartleys) Morningstar (usually overly conservative) had a fair price of just less than 50c . Price to book ratio of x1.37 -

All said and done, mate, - wasn't over-valued (as you claimed) until the CR - ( you know - the one that you and I didn't know about until it happened!!)
They should have issued a trading halt weeks before when the sp was nearer 50 when they decided they needed more cash!
I don't think you realise how long the queue has become before you make any money except for what you can secure at .30c if you were in early enough?
Did I say long queue? , sorry, I meant long, long, long, long, long, long ................queue!!

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Why would you hold and have a sell sentiment? Your just shooting yourself in the foot. It's time to suck it up and move on.

GCY Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
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News: GCY Gascoyne Resources Says Co To Undertake Share Purchase Plan To Raise Up To $5 Million, page-20

Top Stories

HotCopper cautious as WEB Travel now says Deloitte holding up 1H25 results

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Emmerson aims to drill 5000m at Tennant Creek, with 2 main targets in mind

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

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