GCY just did an oversubscribed CR they are cashed up now and...

GCY just did an oversubscribed CR

they are cashed up now and mining... sure they messed up in what $ they needed and [ as a GCY shareholder ] i was very disappointed in management for not raising at a much higher price...

but now with the $ in the bank and good drill results - now not much risk there imo

and if anything at these prices GCY is a decent takeover option for some of the bigger players like EVN AMI etc