12m in cash left!?! That’s great news for me. I thought they would be closer to 3m, way off the mark there. Completely unhedged, debt-free, with a bonus of some low grade stockpiles to maximise mill runs when NN is dug out.
Imo, if the next drilling campaign returns extensions to NN down plunge, 200m+ mc easy and an obvious TO target.
GCY is in a very unique position having the mill, no debt, ~12m in cash and so far a significant gold find.
this report clarified a lot of questions I had. I will definitely be putting in more money when this resumes trading. Perhaps a thread on SP expectations and trading strategies could be useful to help us plebs navigate through what I think will be a volatile reopening.
hoping for the best here for all holders.
gltah and dyor
Ann: Quarterly Activities Report and Appendix 5B, page-2
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Last
71.5¢ |
Change
-0.005(0.69%) |
Mkt cap ! $789.7M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 71.5¢ | 70.0¢ | $2.779M | 3.928M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2816 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 99994 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
71.0¢ |
Change
-0.005 ( 1.31 %) |
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| Open | High | Low | Volume | ||
| 70.5¢ | 71.5¢ | 70.0¢ | 430926 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| SPR (ASX) Chart |