Ann: TAKE NO ACTION in response to Westgold Bidder Statement, page-6

Full Disclosure GCY holder.

In all honesty mate the GCY road would be the way to go, but I really could not see $200M getting up now with the new high grade discovery of Never Never.

You have to remember as have the MGV holders taken a hit, the GCY SH’s have taken a bigger one over the years, and in all honesty I couldn’t see Tembo or any of the other major holders taking the deal anywhere near that $200M figure, considering the current ongoing exploration success on an already approved mining lease, walking distance to the 5 year old plant, you can nearly throw the ore into the mill lol. And now we could be looking at a twin to Never Never a couple hundred metres away.

I certainly would not like to see GCY be taken over at this stage, and I would like to be there for the turnaround story when it comes. But then again I’m a small fish in a big pond, so what I want to happen is irrelevant.

GLTAH
DYOR.