Ann: Court Orders Convening of Firefly Scheme Meeting, page-17

Hi pbawley,
The report is comprehensive and points to FFR getting a good deal imo.

GCY's benefit will be a bit longer term imo as the latest FFR assays, when released may indicate. Melville may take longer than 12 months to be ready for mining but should help GCY going forward.

The GCY June qtr was tough with a modest profit. I think the market wants more certainty, so hopefully that's where FFR plays its part.

DCN has been marked down since their merger with NTM as I think the timeframe to prove up their resources is too far forward looking for the market to accept, especially for the high per oz cost of the merger. Long term I believe DCN will be fine, though I sold out after the merger was announced.

In time I expect the GCY/FFR merger to win strong support though it may take a while for the synergies to be proven. I think GCY is a buy at the current price, though the current pog is not helping the sp.