Articles On Gascoyne Resources (ASX:GCY)

Gascoyne Resources (GCY) appoints Simon Lawson as Managing Director and CEO, effective immediately Prior to joining Gascoyne on November 10 as Non-Executive Director, Mr Lawson was the Managing Director of Firefly Resources before the com...

It has been an ‘extraordinary’ gold run over the past few days, according to OANDA UK & EMEA senior market analyst Craig Erlam. The price of the precious metal is now at 5 month highs of +$US1,860/oz. Pic: Gold price over the past year....

Lawson has built and led teams that contributed more than 3 million ounces and in excess of 15 years mine life to several high-profile mining operations across a number of highly successful gold producers.

“We recognise our obligation to now deliver on the strategic rationale and value uplift of the Firefly transaction to our shareholders,” Gascoyne stated in a letter to shareholders.

Gascoyne Resources looks set to throw its lot in with ASX-listed Firefly Resources after the Supreme Court motioned through a merger deal between Gascoyne and Firefly. The move ends Westgold’s bid for Gascoyne.

Apollo Consolidated (ASX:AOP) shareholders hoping for a takeover battle between suitors Gold Road Resources (ASX:GOR) and Ramelius Resources (ASX:RMS) are set to be disappointed. The game of oneupmanship lasted just a couple rounds as Gold...

Westgold Resources non-executive chairman Peter Cook remains focused on growing the company but says the gold miner is happy to play the long game after abandoning its bid for Gascoyne Resources.

What happened to the most talked about metals and minerals in October? Investor sentiment for commodities went ballistic, almost across the board. Copper was back in vogue, rising above US$10,000/t for the first time since May. The close of...

Highlights  The demand for most commodities has reached the pre-COVID-19 levels and continues to rise. State Gas is advancing well with new phase of production activities across its Queensland gas projects. The merger between Firefly...

Iron ore prices dived under the US$100/t mark overnight, falling to their lowest levels in around six weeks. According to Fastmarkets MB benchmark 62% iron ore fines were demanding US$95.77/t in northern China, down US$7.66. That move follo...

Westgold Resources has sought to close the book on its takeover bid for Gascoyne Resources after a court on Monday approved the target’s tie-up with Firefly Resources.

Firefly Resources (FFR) wins the battle for Gascoyne Resources (GCY) as the Supreme Court of Western Australia approved the scheme Firefly and Westgold Resources (WGX) both made offers for Gascoyne, however with Firefly making the initial...

Shares in Gascoyne Resources have fallen again after a court approved its tie-up with explorer Firefly Resources, effectively ending Westgold Resources’ bid for the junior gold miner.

Westgold Resources’ (ASX:WGX) bid to takeover Gascoyne Resources (ASX:GCY) looks to have ended in a damp squib after the WA Supreme Court gave the go ahead to Gascoyne’s tie-up with Firefly Resources (ASX:FFR) yesterday. The cancellation of...

The WA Supreme Court has waved through a merger deal between Gascoyne Resources and Firefly Resources effectively ending Westgold Resources’ takeover ambitions for the gold miner.

Two of the gold sector’s most absorbing takeover battles are hitting a crescendo today, with Westgold Resources’ (ASX:WGX) bid to upend Gascoyne Resources’ (ASX:GCY) merger with Firefly (ASX:FFR) hanging over a key court hearing and Rameliu...

A WA Supreme Court hearing to sign off on a tie-up between Gascoyne Resources and Firefly Resources could seal the fate of Westgold Resources’ bid for the junior gold miner.

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

Local stocks lost ground on Thursday, with minor falls at the big end of town and a slightly steeper drop of ~0.8% for the microcap Emerging Markets Index. The ASX opened with a weak lead from Wall Street, after a fortnight of steady gains...

The Gascoyne Resources Limited (ASX: GCY) share price has had a golden day, closing up 15.66% at 48 cents. There’s a bit to cover here, so let’s get straight into it. What’s led us to this point? The gold miner’s shares were on the move...

Westgold Resources (ASX:WGX) appears to have secured the support of Gascoyne Resources’ (ASX:GCY) biggest shareholder despite losing a last minute bid with the Takeovers Panel to delay a meeting key to its offer. Gascoyne, which plans to me...

The ASX got off to a solid start today but the rally eased following the release of inflation data. Core inflation rose at the fastest pace since 2015 leading to speculation that the tightening of monetary policy could come sooner than 2024...

Highlights The ASX 200 was trading 0.25% higher by Tuesday mid-session, having pared half of early gains. Seven of 11 sectors traded higher, led by tech and consumer discretionary stocks. Casino operator Crown Resorts and Star Enterta...

Gascoyne Resources has placed its shares in a trading halt ahead of an announcement about major shareholder NRW Holdings agreeing to support a hostile scrip takeover offer from Westgold Resources.

Westgold Resources has secured the support of NRW Holdings in its all-scrip takeover battle for control of Gascoyne Resources.

Highlights The ASX 200 was trading 0.25% higher by Tuesday mid-session, having pared half of early gains. Seven of 11 sectors traded higher, led by tech and consumer discretionary stocks. Casino operator Crown Resorts and Star Enterta...

Highlights Australian benchmark index, the ASX 200, was up 0.3% to 7,462 in early trade on Tuesday. On Wall Street, the Dow Jones and S&P 500 hit fresh all-time highs on Monday. 10 out of the 11 sectors are trading higher, with th...

Mineral Resources (ASX:MIN) was the standout among the major miners on the news the $8 billion company and US chemicals giant Albemarle plan to restart the Wodgina lithium mine in the Pilbara. The operation was mothballed just one week afte...

Highlights By lunchtime, Australian shares were trading 0.44% or 32.5 points up at 7,448.5, retracing from the day’s high of 7,462.6. Bulls seem to have an upper hand today, with seven out of the 11 sectors trading higher. The IT sect...

Westgold Resources is ramping up pressure on the board of Gascoyne Resources by sweetening its all-scrip takeover offer for the junior gold miner.

Gascoyne Resources has hit another patch of shallow gold with respectable grades at its Hendricks prospect in WA just 1.5kms from its Dalgaranga gold mine.

The latest results support a potential shallow oxide open pit and there is potential for Hendricks to be integrated into the Dalgaranga mine plan under assessment.

What a time it is to be in base metals, with depleting stocks in metals warehouses and smelter shutdowns in energy starved Europe and China propelling prices to record levels. Is it a short-term phenomenon or a harbinger of what’s to come?...

Westgold Resources is expected to announce today that it has secured the backing of a substantial shareholder of Gascoyne Resources for its hostile $123 million scrip bid for the company.

Global steel demand is expected to to rise 2.2% to almost 1.9 billion tonnes in 2022, the World Steel Association says. That would come after a 4.5% rise to 1.855Bt in 2021, driven by a quicker than expected return to pre-pandemic economic...

Westgold Resources has called on the Takeovers Panel to intervene in its hostile bid to take control of Gascoyne Resources.

ShareCafeTrading Tidbits: BUB, PGH, GCY Good news and bad from the pandemic for two mid-caps yesterday and the shares of the two went in very different directions while an attempted takeover in gold is getting scrappy. ………… First up shares...

The Gascoyne Resources Ltd (ASX: GCY) share price closed Wednesday’s trading session 9.52% lower at 38 cents a share. The gold miner’s shares were on the move today after the company’s board rejected a takeover bid from Westgold Resources...

“The Board firmly believes that Gascoyne combined with Firefly provides greater value to shareholders than the individual parts.”

Uranium prices got back on the move overnight (here’s why), and there was some feverish buying this morning in the headline uranium stocks, with Paladin Energy (ASX:PDN) gaining more than a fifth of its value. Spot #uranium 4025/4075 USc/L...

Local markets are still struggling to find an upward catalyst, as the ASX 200 followed Wall Street lower in Tuesday trade. Tech stocks again led falls at the big end of town, as the ASX 200 Information Technology index dipped by 1.46%. High...

Minerals260 (ASX:MI6), a spinoff from Liontown Resources (ASX:LTR), enjoyed a positive debut despite the ASX finishing down again. The ASX 200 retreated 0.26% to close at 7,821 points with all sectors in the red except consumer staples and...

The ASX retreated again as angst over inflation and the withdrawal of stimulus continued to weigh on global markets. The ASX 200 closed at 7,300 – 0.28% lower than Friday’s close. Tech was the biggest laggard, losing nearly 3% but energy an...

The three ASX-listed companies are expected to resume trading on October 13, 2021, or when the relevant announcement is released to the market.

Investors want to see gold miners wisely grow their production profile. Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth. The big gold miners have a “lousy recent his...

The USA appears to have staved off concerns about a standoff on the debt ceiling, ending fears on an impending default by the US Government. It has meant happy times in capital markets, with mining stocks leading the ASX 200 in a merry danc...

Westgold Resources has upped the ante on Gascoyne Resources in its hostile battle for control of the rival Murchison gold producer.

There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in. Safe havens like gol...

In a stunning turnaround in fortunes, Gascoyne Resources has gone from being in Administration a little over a year ago to being chased around the block by suitors looking to merge with it or take it over.

Peter Cook-chaired Westgold Resources (ASX:WGX) has slid in with an unsolicited bid to scupper Gascoyne Resources’ (ASX:GCY) proposed merger with Firefly Resources (ASX:FFR) in an effort to become a 500,000ozpa gold producer. If successful...