GREY:GUYFF - Post by User
Comment by
Tadon Jan 17, 2020 1:58pm
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Post# 30566025
RE:RE:RE:RE:RE:RE:what happened to this stock
RE:RE:RE:RE:RE:RE:what happened to this stockNiN777,
The only other stock I can think of which has a tiny market cap a plant already built is TMAC resources, but they have metallurgical issues. Find me a stock who has $2M+ ouces probable reserves, an already built plant, zero debt for $100M? In hindsight this stock was the bargain of tax selling 2019, I bought slightly above 50 cents and added in the 60's and I will be patientiently holding until I reach my exit price. Of course Analyst are telling the sheeps to sell low and buy high so they'll never tell to buy a stock low, they'll advise to buy that stock after the train left the station.
I like TMAC more than Guyanna Goldfileds actually, even though TMAC has about US$114 debt. I bought into TMAC earlier this week at prices from $3.05 down to as low as $2.82 . TMAC is puttng out an operational update on Monday or Tuesday next week. Grades are phenomenal for TMAC.
Expecting to hear from GUY next week as well. Remains to be seen how good, neutral or bad the updates are for both companies.
GUY is a good bet at current prices, if they can straighten out their numerous issues, including shooting themselves in the foot last year with all the management infighting. Probably a good time to take a position now that that turmoil is behind the company and everyone can focus on the underlying value and the ability to address the operational issues in a rising gold price environment.
GLTA