GCY have been ginning around with Never Never knowing forewell that it woudl most likley not produce the ore for 5 years of ROM require to propertly reprice the stock, rather strengthen their postion (from GCY capital raise depression of the mkt cap share price to 10c) prior to making a bid for MGVs surfave gold ore. They have now been beaten to the punch by WGX, which means that if they want to play, they will be paying more than they would have with a script merger. The strong ramp up in the US$ gold price recently was going to triggert this type of thing around Mt Magnet/Cue.
MGV Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
