@speculator101 Thank you for your great reply and detailed posts! They have really helped me wrap my head around lots of the moving parts. I agree, luckily the smart minds filter lots of the chaff, there is so much great work out there.
I agree, they would put off a dividend and opt for external growth instead, but that would be after they have proven that they have expelled the old business practices that tanked the company and drilled out their main prospects. Organic growth to 300,000 ounces per year, seems live a very good interim goal. Haha, nothing like pure speculation to spice things up.
In the Equity Raising Presentation March 2022 they wanted 400 000 ounces from FY24 via internal growth which is very spicy:
As for acquisitions GCY with a mill seems like the obvious and best choice. The shiny mill is just sitting there whilst the gold price is over $1900 USD. I also doubt they are willing to acquire those explorers; they are mill constrained so they would be looking for more feed at this stage, they are still have many rocks to flip on their turf.
GLTAH, DYOR and Happy Trails.
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Last
$2.64 |
Change
-0.090(3.30%) |
Mkt cap ! $2.490B | |||
| Open | High | Low | Value | Volume |
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| 5 | 62497 | $2.63 |
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