Richard Tucker

Sep 5, 2024 | msn.com | Richard Tucker

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Mar 20, 2024 | mondaq.com | Tom Gardner |Tobin Insights |Richard Tucker

That is why they often adopt the 'ostrich' approach and leave the situation so long that insolvency becomes the only real option. That was the situation with Gascoyne Resources Limited 18 months ago. Even with gold at an all-time high, rising costs and inflation meant they were losing money and raising funds to cover operating losses. To keep following that path meant insolvency and their rich new deposit sold at a fire sale price.