FFR are getting 1.6cps value from the spin out of Firetail, so they should trade higher in relation to GCY.
Also, BDC are looking at $232m in capex to build a 2.1mtpa plant. GCY's current m/c currently $80m with a 2.5mtpa plant, plus the gold projects. Even allowing for modest debt on the books, GCY seems cheap to me, though the market is still yet to be convinced by the looks.
I'll be voting in favour unless something drastic happens in the meantime.
Ann: Court Orders Convening of Firefly Scheme Meeting, page-10
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Last
$1.28 |
Change
-0.025(1.92%) |
Mkt cap ! $1.418B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.30 | $1.26 | $3.625M | 2.842M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 293 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 11970 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| SPR (ASX) Chart |