Jules and Co have done really well out of the whole GCY SPR affair. Seeing the writing on the wall in the first instance and swapping debt for secured equity was a brilliant move. If we’ve come out with an extra $10mil in the bank on what we’re owed, fantastic!
In the fickle world of small cap gold producer stocks many scenarios could play out. Any of the following could result in a 20% + pullback. Weather, mill issues, a bad quarterly, gold pullback, contractor issues, the list goes on.
Alternatively, we might have just sold out of the next biggest superpit.
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Change
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