Finally Management have got there act together and are setting up shareholders for a bright future.In TGN shares alone they have over $43,000,000 just sitting there and another $4,600,000 in cash. GWR have around $48,000,000 available in cash and shares alone. GWR's market cap is around 36,000,000,way undervalued and this does not include any of its assets.Have great gold results along with their own Tungsten asset.Not to mention the 100 mill tonne + iron Ore at Wiluna with grades above 62% the reason I first bought in many years agnly the rail line to port has held up this world class asset. I have been buying as many GWR shares as I can lately and this time I will be holding long term.I have followed GWR since 2008 when the price was around $250 finally everything is coming together.All these TGN shares were bought for mostly 4 cents and 17,500,000 at 10 cents. GWR has another 8,750,000 options of TGN available any time they want for 3 cents each. That alone gives us another $ 4,768,000 spare cash. This TGN investment has been magnificent the share market haven't jumped aboard yet.The other great thing about GWR is around 85% is owner by the top 20 share holders, this figure doesn't change much. That means only 39 million shares are traded on market so the share price can rise quickly.It should be a very good quarterly announcement today.Good to be back on board. CHEERS
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Last
8.8¢ |
Change
0.001(1.15%) |
Mkt cap ! $26.33M |
Open | High | Low | Value | Volume |
8.8¢ | 8.8¢ | 8.8¢ | $4.413K | 50.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 101176 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 50431 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2216 | 0.100 |
1 | 40000 | 0.099 |
1 | 10000 | 0.098 |
1 | 7402 | 0.074 |
1 | 300000 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 60000 | 1 |
0.115 | 20000 | 1 |
0.120 | 6795 | 1 |
0.130 | 33334 | 1 |
0.140 | 16000 | 1 |
Last trade - 12.55pm 28/11/2024 (20 minute delay) ? |
GWR (ASX) Chart |