Hey mmoore. I would join you in buying more, but... with perhaps 20% of my meager net worth in GCY. I am already a little toppy. I won't complain about the share price action today (even though I have done a fair amount of complaining about the actual raising). As you say, sellers have dried up, perhaps because debt funding is now (heaven forbid its late again) so close (or simply buyers did not get all the wanted in the recent placement). Plus we should get a nice presentation/update regarding the forward plans for the drilling (perhaps its already started?) that is going to start (approx $1m a month) and will continue up to production (I assume it will continue after that, but... bigger or smaller spend will depend on how the commissioning etc goes).
The POG is climbing and I do honesty think we will see it break USD $1300 soon. I also hope they finally start discussing Glenburgh's PFS revision.
Also, GCYs bigger brother DCN, has shown some surprising strength recently and I do believe that the market is starting to realize that re-rates actually do occur for new/upcoming producers.
Perhaps I have totally missed it (has anyone posted comments?), but did anyone attend the AGM?
Ann: Gascoyne Raises $21 Million in Oversubscribed Placement, page-21
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Last
$1.28 |
Change
-0.020(1.54%) |
Mkt cap ! $1.416B | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.32 | $1.28 | $4.141M | 3.191M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 196514 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 33512 | 1 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| SPR (ASX) Chart |