Certainly looks like a distressed/desperate "motivated" seller to me? The future will tell if this is a genius move, or if they have sold an asset right at the bottom of the cycle.....
I had a quick look at Great Eastern Gold, private at the moment, but its notable that it has retained Ian Hodkinson on the board and he sure has a lot of experience, they seem to parley themselves as a QLD and WA specialist low volume high grade selective miner/developer although perhaps more of a pre-IPO mine incubator/land-banker holding co might be another explanation. They have enough projects themselves already, so I think this is part of a longer term spin-out or transaction that may become apparent in the future. With the market sentiment towards gold miners at the moment I bet that they are private and aren't trading on the ASX.
At $250K who would say no though? If the price of gold jumps up they will be able to sell Big Rush for more than that.
- Forums
- ASX - By Stock
- GNM
- Ann: Sale of Big Rush Gold Project
Ann: Sale of Big Rush Gold Project, page-6
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GNM (ASX) to my watchlist
|
|||||
Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.164M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.4¢ | $5 | 372 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 382408 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 36667 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 382408 | 0.014 |
5 | 778328 | 0.012 |
7 | 1010451 | 0.011 |
5 | 1229995 | 0.010 |
2 | 433330 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 36667 | 1 |
0.016 | 33334 | 1 |
0.017 | 58817 | 2 |
0.018 | 416660 | 3 |
0.019 | 230001 | 3 |
Last trade - 13.00pm 04/09/2024 (20 minute delay) ? |
Featured News
GNM (ASX) Chart |