And further Galaxy1 - look at the comparison of a minority (3) other goldies I follow...(no reference to country resource either or resource mining complexity and kept producers out except MOY here) with Market Caps and oz and grades. this is why I see GMD so under valued to date.
MOY - 6,000,000 resource at 1.6g/t for 304,700 oz - Market Cap = $158 million
WAF - 20,400,000 resource at 2,4g/t for 1,574,000 oz - Market Cap = $200 million
CDV - 129,600,000 resource at 1.14g/t for 4,760,000 oz - Market Cap = $155 million
and
GMD - 7,100,000 resource at 3.3g/t for 760,000 oz - Market Cap = $28 million
Imagine the big boys also looking at these sort of number comparisons......GMD is cheap and anyone who knows of this company will know this. Ridiculous!
If you compare to the 3 above,
Compared to CDV, GMD would be $0.079
Compared to WAF, GMD would be $0.147
Compared to MOY, GMD would be $0.89???
GMD should now be sitting at at least $0.10 in my opinion!
Obvious that this is being kept cheap for a reason....soon to see - why and by whom, mark my words.
Patience will reward regardless of games played now and next few weeks.
Holder exiting...so what. Gold in the ground, grades found, ease of extraction - this talks - always will.
The market is asleep on this one.
(Disclosure - been buying past few days - still in the red though. Not concerned. Bigger picture stuff. )
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Last
$2.53 |
Change
0.010(0.40%) |
Mkt cap ! $2.392B |
Open | High | Low | Value | Volume |
$2.52 | $2.54 | $2.48 | $4.723M | 1.871M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $2.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.53 | 142924 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 336863 | 0.032 |
5 | 670322 | 0.031 |
3 | 1463983 | 0.030 |
1 | 35715 | 0.028 |
1 | 50000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 228961 | 2 |
0.034 | 71429 | 1 |
0.035 | 420000 | 4 |
0.036 | 135567 | 3 |
0.037 | 435696 | 2 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
GMD (ASX) Chart |