Ann: Trading Halt, page-143

So this went up to 22 cents at one stage, it's now 11 cents.

The regional consolidation and M&A by Gascoyne looks prospective, though they are still going to have to
haul ore 110km from Firefly to Gascoyne's plant.

There also looks like more consolidation could take place in the area, now that Gascoyne and Firefly have merged, I'm looking at Rumble also merging with them at some stage, building quite a considerable gold endowment in the area.

If the gold price holds up, and Gascoyne can do something about the AISC, then buying these Firefly's at 11 cents looks like a reasonable bet, and especially when you throw in the spin-out. And Gascoyne's management looks ok.

I had a small punt here today, so let's see how this goes.

Gw