When you see the market cap of some of the overseas players in the Lithium space (billions of dollars) and ASX stocks at half a billion (and not yet producing) well then the market cap of GMM at circa A$190m seems very light on to say the least.
With only 311m shares and a tight register it has the potential of being a multi bagger even from these new highs.
IMO and as I have suggested previously, once production ramps up further in July/Aug, we will be on every ones radar and a prime takeover target from one of the big players - and then the share price will be really interesting.
In the interim there will inevitably be ups and downs and sideways movement in the share price but my recommendation is to hold tight, sit back and enjoy the next 6 to 12 months.......there are many more happy days ahead.......GLTA
GMM Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held
