Hi @Hiddenvalue, yes I read the GCY announcement earlier this afternoon. Plenty of problems over there & things are looking precarious although they haven't yet fully descended into administration (for a second time). It remains to be seen if they'll manage to find adequate funding to stay afloat.
IMO, although GCY experienced lacklustre production during increasingly difficult circumstances, it was good to see that they continued reporting on their mined grades, processed grades etc which is something that Milan often didn't do in FY22. For one reason or another Milan ended up steering WMC in a similar fashion as the Captain of the Titanic (i.e. a bit too cavalier despite the warning signals & not enough time to manoeuvre without crashing).
WMC Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
