Morning star put out fair value at 2c few day's back.. I thought...

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15/08/18

12:50

Post #: 34951494
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Originally posted by FaithfulServant ↑

From 21/03/2018 to 31/07/2018 - the market thinks GMC is fair-valued at a range between 0.011-0.012 (or around $30m MC). The price action from 01/08/2018 onwards seems to suggest that the market, "all of a sudden", is now comfortable with a range between 0.013-0.014, or roughly a $6m increase in MC (I'm not counting 0.014+ because they have yet to prove to be sustainable).

To be honest, GMC is not exactly a day-traders paradise due to its low liquidity and a not-so-exciting topic (Manganese, as compared to other hyped materials such as Li, Co, Sc, REE, even oil, these days)

Then it begs to question - what could be around the corner that triggered the market to re-assess GMC's intrinsic value? I don't have an answer. But previous announcement have suggested a few possibilities: a DSO agreement/licence (01/08/2018), positive change in the terms of facilities (01/08/2018), positive change in cash flow (23/07/2018: hint, the smelter installation is expected to be completed just on/before the option expiry date, 51,925,917 options @ $0.0196 @ 30/09/2018, 15,000,000 options @ $0.0496 @ 30/09/2018 , see the latest 3B)

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Morning star put out fair value at 2c few day's back.. I thought this was also in line with my thought's however, we do have September being a low volume month, if we can ride out this low period, i would say mid to late Oct is when markets will fire up and GMC will get more serious action with my target looking good for the Santa rally

GMC Price at posting: 1.6¢ Sentiment: None Disclosure: Held
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Morning star put out fair value at 2c few day's back.. I thought...

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