I can only say I am surprised that it continues to be pushed lower, but then... its on very thin volume.
E/V of just $107m is getting stupidly cheap (I was saying that for weeks, and yet the SP continues to slide).
I will likely grab a few more, but in all honestly, I cannot purchase many more, as there is operation risk with GCY, mainly due to the debt and the small production profile.
I continue to be surprised at the lack of corporate action, considering that GCY was basically offered $0.60 a share by a private enterprise whilst during administration. I am not going to allow myself to be shaken out, especially if they continue to produce 6000-6500 ounces per month.
Ann: Group Mineral Resources Grow to Over 1.3Moz, page-17
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Last
$1.28 |
Change
0.035(2.82%) |
Mkt cap ! $1.411B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.30 | $1.24 | $5.422M | 4.265M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29274 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 6000 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SPR (ASX) Chart |