Counter to what the AFR stated, GCY is not being actively shopped around. It is my understanding that SL and team are currently working very hard to build a solid, actionable 18 to 24 month exploration and development plan.
I have heard GCY have recently received plenty of funding interest from brokers, sophisticated and institutional investors.
The consistently outstanding drill results have added considerably to the level of overall interest in the project, and this has in turned helped pave a potential clearer (5YR+ mine plan) and more profitable path forward for the company.
This is far from a distressed asset sale as there are still many funding avenues available for the project.
As a shareholder I am excited about Gascoynes future prospects.
Ann: Dalgaranga Update and Continuation of Voluntary Suspension, page-51
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