The presentation of 27 February 2023 that accompanied the re-capitalisation of GCY (see mages below) made it very clear they were going to:
- “drill, drill, drill for 18 months - that’s exactly what they have been doing and the 18 months finishes at the end of August 2024 - target a restart DECISION in second half of 2024 - they still have 6 months (less one week) to make that decision. It’s only a decision NOT a commitment to restart and NO DATE OF RESTART WAS PROVIDED.
While they deferred the decline start it is still within a period where they can make a decision on a restart. They are a bit late (only a quarter) delivering the maiden reserve.
Do proper fact checking before making comments otherwise you will look like a right idiot making mis-leading comments and misrepresenting SPR statements.
SPR Price at posting:
92.0¢ Sentiment: Hold Disclosure: Held
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