GMM (ASX) GMM Chart

Originally posted by airconditioner ↑

Yeah I agree.

Every time GXY runs it builds a nice amount of pressure behind GMM.
Its like you can't even hear the engine running and then its moving without even a warning.
No stopping it on a good day.
That double jump was massive and Friday's movement of 7c another clean and powerful burst back.
Today - a bit quiet. Not so much from aggressive selling but canny buying.

At the moment more people still need to do a bit of research to find GMM and uncover the value here.
Its not as hyped and trumpeted as its brother GXY. Other lithium stocks don't even want to mention it's name because the comparitive position is so destructive to whatever financial/production case they'd like to make.

As GXY climbs out of the basement price-range and we are only a little ahead then the value decision becomes easier and easier to make. This share can keep climbing and climbing ahead on fundamentals,
only limited by the obviously random and quite un-researched way many people are approaching the lithium industry - now that its the barbecue conversation topic de jour. Its as if any will do for a punt.

I got interested in this one immediately but was almost regretful for a little as it seemed to obviosuly suffer from a lack of level-headed investors scraping away the b.s to find the ones best positioned to profit quickly from the lithium boom. It was moving but not as fast as it should have. It was tied to GXY when it shouldn't have been.

The more I investigate this the better it gets. I thought, at first, it could be a year holder, as it was uncomplicated enough to reach an excellent value position by then.
Now I think, with James Bay coming into play, that it may well be something I'm looking at much longer term. Even now, wondering if my whole lithium investment strategy, which started off as a high-risk high-return short-term, is actually changing into a more long-term focused one, where I am starting to imagine not what the profit on sale will be - but what they would likely return in dividends in a few years' time.
I'm aware as anyone that the boom will eventually end - but by that time these companies may well have grown far beyond pure-play lithium into much big players, well positioned for the next technological step and the next.

If GMM can do this well from a standing start - where could it be in 4-5 years?
Strange how things change when you start looking at the bigger picture.

Expand

Cannacord gave a $160m valuation to sal de Vida if I remember correctly.
Sit that within GXY and its $530m mcap, I think 60c could & should be broken through for GMM on that valuation basis alone.

All imo

RSG

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GMM Chart, page-118

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GMM Chart, page-118

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