Asx.gcy current hypothetical EV 80M went into trading suspension. Bad bad news , sorry for them.
from market herald quote “ As such, Gascoyne will place its 2.5-million-tonne-per-annum Dalgaranga mill in care and maintenance while it develops a new strategic operating plan and restructures its finances, which it expects to take several months to complete “
looks like these guys might have an issue to ever recover in current CR climate.
offer them some anything between 10M-30M$ cash ( depending on age for their 2.5m- t per annum machine - ( including shipping ) and taaaataaaaa there is our mine.
no investment advise - but if I was BRB I would try to strike a bargain right now. And no need to overpay them… tbh. Essentially a mill not working is costing Gcy big money right now.
BRB Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held