I hold GMD but have a few concerns. They will make $4-6M in cash from the small operation at Ulysses but only really have that tenement and viking to boast about, neither of which remaining reserves have been proven commercial. They dont have much cash at bank (from memory) so $14-16M of GMDs market cap relates to the potential of viking and what remains at Ulysses. I think GMD will need some good hits on these tenements to justify a share price bounce from here but, that said, i hold in anticipation of the same. GLTAH
Ann: First Gold Ore Dispatched From Ulysses, page-10
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Last
$2.52 |
Change
0.090(3.70%) |
Mkt cap ! $2.392B | |||
| Open | High | Low | Value | Volume |
| $2.51 | $2.56 | $2.51 | $6.419M | 2.542M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 31792 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.53 | 26593 | 4 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| GMD (ASX) Chart |
