GCY is breaking out.New management have made all the difference.I was deep red on this but bought back in at 12c am now in the black.Great drill results (and metallurgy) coming in.They have a plant to process Never Never etc ore.Awaiting more drill results.
23.5c double bagger half a cent away.Bought some ORA too@.005c , cap raise @,.004c lots of promise with this one too dyor
23.5c double bagger half a cent away.Bought some ORA too@.005c , cap raise @,.004c lots of promise with this one too dyor
Never Never Resource Increases to Over 720koz
ORA has some nice grades. I need to to do some more reading on the geology as I have seen mention of quartz & the grades might suggest a vein type structure although the consistency of length of strike suggests not.
The share has obviously been heavily diluted over time, not that matters for new holders but they do seem to have a relatively high cash burn rate with high non operating costs.
I have been loading up on CST, market cap now around $18M. Infrastructure on care & maintenance so once BFS is completed should be in production fairly quickly. Central project has a return of $675M over 7 years. Has plenty of upside from exploration and potential second project.
Yep. It's been falling in the last few weeks & I have been averaging in.
I used to have dealings with Peter Cook back in my finance days. I would almost invest purely based on him being Chair, but it seems ridiculously undervalued to me.
Interestingly Ram Shanker Kangatharan is their top shareholders & he has just topped considerably as well & he's no mug.
Caution - A falling knife? Down another 7% today to a new 52 week low....in fact just a whisker away now from taking out the ATL at 0.06.
Hi FTG, I don't think technical trading is particularly usefull for small cap exploration stocks with poor liquidity.
This is an investment in its fundamental potential.
If it goes towards 6c I will likely pick up more.
At a $15M market cap it has the potential to go to $400M.
The initial project returns of $675M over 7 years of production. In that time I have no doubt exploration will extend the mine life and then there is the potential for at least one other project.
Hi FTG, I don't think technical trading is particularly usefull for small cap exploration stocks with poor liquidity.
This is an investment in its fundamental potential.
If it goes towards 6c I will likely pick up more.
At a $15M market cap it has the potential to go to $400M.
The initial project returns of $675M over 7 years of production. In that time I have no doubt exploration will extend the mine life and then there is the potential for at least one other project.
There's lots to like here.I have taken a small holding.. Hoping for a BFS which will jerk the mkt awake and buyers in at this tiny valn with huge potential..Thanks Daytr.
There's lots to like here.I have taken a small holding.. Hoping for a BFS which will jerk the mkt awake and buyers in at this tiny valn with huge potential..Thanks Daytr.
No worries JT.
I topped up myself yesterday.
Cookie typically prefers debt rather than capital raises as well which I like. A bank may insist on an equity raise as part of financing, but hopefully the management push back hard on that.
Originally Posted by Joshuatree
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