The liquidity can change rapidly on good assay results. Look at the market cap, should the assays reflect anything like the u/g trench assays I can see it going to the 15-20c range in a flash. That would shake a fair few of the 6c placement shares out imo and liquidity wouldn't be a problem.
I am constantly asked by friends about silver stocks on the ASX and other than the obvious CCU and SVL, which already have defined resources and have had a run, I point them to GRM as a possible good runner on any decent assay results given their low, low mkt cap.
Lots of silver experience on the board as well so you would hope they had picked good projects and gone for the best 1st up.
liquidity, page-3
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $60.70M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.5¢ | 14.5¢ | $1.771K | 11.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 74500 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 49402 | 2 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| AMN (ASX) Chart |
