Really not happy with the placing , i am puzzled why they started their drilling campaign spending the cash , also why not borrow a few more quids when they took on the debt seems a little short sighted .I am somewhat forced now to buy in upcoming public offering just to lower my average. Anyone else taking the plunge with the offering?
I have concerns also regards the timespan of ramp up, seems incredibly long for a relatively small operation. I would email these concerns to the company,but that would be a total waste of my time as they never reply.
Just deflated with GCY’s management furnishing of city types and highly discounted placing. I was told by a uk ceo never trust an Aussie ceo, I thought gcy was different how wrong I was . Some of the cash raises this year I’ve suffered in Aussie stocks have been highly discounted and manipulated to suit the institutional investors .
I am slowly removing my cash from the markets right now as and when I turn profit , moving it into the Uk property market .
News: GCY Gascoyne Resources Says Co To Undertake Share Purchase Plan To Raise Up To $5 Million, page-28
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Last
93.5¢ |
Change
0.005(0.54%) |
Mkt cap ! $1.029B | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 94.5¢ | 92.5¢ | $1.324M | 1.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 71008 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 50070 | 9 |
View Market Depth
| Last trade - 12.05pm 04/07/2024 (20 minute delay) ? |
| SPR (ASX) Chart |