when last trading according to my reading the net asset value of...

when last trading according to my reading the net asset value of gcy was 25 c

if it opens at 10 c or the lower teens that would be a substantial discount to nav

consolidation seems to be the order of the day at this time and gold may well be ready to rise ?

also an 11 m loss on plant c&m should be solvable one way or another by another producing company

wgx has previously shown an interest and rms are saying they are poised with m & a in mind

if a suitor for gcy was lurking in the wings surely they would wait until gcy was floating on the market ?

as any bid could be adjustable and controllable and open for all to see and perhaps they believe they could be successful at a lower cost

so to my mind all this talk of a to bid for the company over the last the last four months

would only eventuate once gcy is relisted, if a potential bidder was being smart

is there any merit in this thinking

would be very pleased to hear any thoughts on this line of thinking

cheers bobby