12m in cash left!?! That’s great news for me. I thought they would be closer to 3m, way off the mark there. Completely unhedged, debt-free, with a bonus of some low grade stockpiles to maximise mill runs when NN is dug out.
Imo, if the next drilling campaign returns extensions to NN down plunge, 200m+ mc easy and an obvious TO target.
GCY is in a very unique position having the mill, no debt, ~12m in cash and so far a significant gold find.
this report clarified a lot of questions I had. I will definitely be putting in more money when this resumes trading. Perhaps a thread on SP expectations and trading strategies could be useful to help us plebs navigate through what I think will be a volatile reopening.
hoping for the best here for all holders.
gltah and dyor
Ann: Quarterly Activities Report and Appendix 5B, page-2
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Last
94.5¢ |
Change
0.025(2.72%) |
Mkt cap ! $1.045B | |||
| Open | High | Low | Value | Volume |
| 93.0¢ | 94.5¢ | 91.0¢ | $6.182M | 6.695M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23789 | 92.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.5¢ | 79292 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SPR (ASX) Chart |