Appreciate the replies guys. You are right, G1A isn’t Lithium, Vanadium or any of the other exciting hot markets.. but.. as such I see the gap for us to make good ROI at these levels. In those markets you see a lot of MC value added in very early as retail scramble to buy up on hints of news and market potential etc. With us we have a low MC with quite low retail holds and no premature value add imo - this is a benefit as when the big deals come we have good positioning to ride institutional buying and the retail catchup buying (possibly fund buying later too). I don’t mind waiting either as I am quite sure I’ll get four or so bags ROI with G1A
I’ve met AM quite a few times now for drinks and occasional kareoke over the last year or so - great bloke and very intelligent with deals and markets. If a TO was to come I’d speculate it would be in the best interests of us (not cheap). I think with our project quality though it is more likely a strategic offtaker will get their hands in the mix with us first (like they said - 9 interested global contenders).. after that we would have seen a lot of value add in the MC and a TO could be a cherry on top (cash plus equity please?)
GLTA
G1A Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
