Really not happy with the placing , i am puzzled why they started their drilling campaign spending the cash , also why not borrow a few more quids when they took on the debt seems a little short sighted .I am somewhat forced now to buy in upcoming public offering just to lower my average. Anyone else taking the plunge with the offering?
I have concerns also regards the timespan of ramp up, seems incredibly long for a relatively small operation. I would email these concerns to the company,but that would be a total waste of my time as they never reply.
Just deflated with GCY’s management furnishing of city types and highly discounted placing. I was told by a uk ceo never trust an Aussie ceo, I thought gcy was different how wrong I was . Some of the cash raises this year I’ve suffered in Aussie stocks have been highly discounted and manipulated to suit the institutional investors .
I am slowly removing my cash from the markets right now as and when I turn profit , moving it into the Uk property market .
News: GCY Gascoyne Resources Says Co To Undertake Share Purchase Plan To Raise Up To $5 Million, page-28
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.35 |
Change
-0.015(1.10%) |
Mkt cap ! $1.494B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.37 | $1.34 | $2.097M | 1.545M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 64073 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 11707 | 13 |
View Market Depth
| Last trade - 13.52pm 27/08/2024 (20 minute delay) ? |
| SPR (ASX) Chart |