I think it is completely illogical to disregard GRM if you believe in RWD.
I think it is too early to guess how big Lake Mackay could be because we haven't seen the full AEM data for that groundwater system. But I agree RWD holders were excited at the time so it's foolish to now discredit the resource.
I am mindful of the fact that RWD used an ex CDNTS staffer to negotiate on behalf of RWD to no avail but I am also mindful that MR wasn't keen on spending money 5-6 years ago. The announcement todays demonstrates that GRM are getting things done.
I wouldn't be surprised if GRM are looking for more cash before RWD. I think they are going to be a lot more dependent of third parties but the flip side is things may move quicker. Nevertheless dilution might ramp up pretty quickly compared to what has happened at RWD.
I think there is plenty of upside to GRM but I think RWD could also be a 10 bagger from here on.
I am currently about 10:1, RWD:GRM, I picked up a lot of RWD at the 20 cents rights issue.
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Last
14.5¢ |
Change
0.010(7.41%) |
Mkt cap ! $60.70M |
Open | High | Low | Value | Volume |
13.5¢ | 14.5¢ | 13.5¢ | $4.941K | 35.18K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 74741 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5555 | 0.180 |
1 | 30979 | 0.175 |
5 | 69411 | 0.170 |
2 | 106061 | 0.165 |
2 | 18611 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 10525 | 1 |
0.195 | 28699 | 1 |
0.200 | 10206 | 2 |
0.205 | 15888 | 2 |
0.210 | 8238 | 1 |
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