Here we are in 2023 and the question remains will all these moving parts finally fall into place for GCY?
We are potentially re-entering a gold equity bull market in 2023 which could result in a huge change of luck for the often-maligned GCY.
The drill results of 2022 have at least given GCY a better than fighting chance going into the 2nd half of FY23.
Bring on February 28th.
Maybe by then we will have a $3,000 AUD gold price?
Below is some increasingly bullish looking macro data for both gold and gold miners.
What are some of GCY's options going forward?
Option 1: Small institutional fund underwritten cap raise/SPP of between 20 to 35 million to fund a 6 to 12-month drill program to flush out larger reserve/resource inventory.
Option 2: Larger institutional fund underwritten cap raise/SPP of between 70 to 85 million to fund exploration decline, 18 to 24-month drill program and 5 + YR LOM.
Option 3: Push toll treatment by offering too good to refuse toll treatment deal and use cashflow to fund small drill program.
Option 4: Non-core asset sales of Glenburgh, Yalgoo, etc to partially fund further drilling at Dalgaranga.
Option 5: Find JV buy-in partner to fund a further reinvigorated exploration (multiple rigs) the Dalgaranga tenement.
Option 6: Takeover by larger producer.
Option 7: Delphi funding package.
Option 8: Demerger and multiple IPO split into 3 separate companies (1. Dalgaranga Resources, 2, Glenburgh Resources, 3 Yalgoo Resources).
Option 9: Gold price explodes higher, now GCY can profitably process stockpiles to fund drill program.
Some of these may be pie in the sky or I may have missed a few other possible options...
Would be happy to hear others' opinions on other potential outcomes.
Wishing everyone all the best for the new year.
- Forums
- ASX - By Stock
- 2023
Here we are in 2023 and the question remains will all these...
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPR (ASX) to my watchlist
(20min delay)
|
|||||
Last
82.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $905.7M |
Open | High | Low | Value | Volume |
82.0¢ | 82.5¢ | 80.0¢ | $2.584M | 3.176M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 62321 | 81.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.5¢ | 145499 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.850 |
2 | 12351 | 0.820 |
4 | 62450 | 0.810 |
2 | 99452 | 0.805 |
9 | 291202 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 1 | 1 |
0.820 | 33000 | 1 |
0.825 | 145499 | 2 |
0.830 | 346898 | 5 |
0.835 | 295000 | 3 |
Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
Featured News
SPR (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online