GMD 0.47% $2.16 genesis minerals limited

GMD and Red5, page-13

  1. 2,346 Posts.
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    Really ? Your faith in RF / GMD is sort of religious cult like is it not ? In case you haven't noticed, RED5 has in recent times bolstered its BOD with renowned gold luminaries and has acquired a new CFO to free up the former CFO for 'strategic opportunities'. The tired old mantra that RED has poor management and BOD despite uncovering KOTH enormous potential that RF walked away from, and then this "poor management" designed and built the KOTH plant during a time of unprecedented labor and material shortages, followed by persistent inflation and ongoing supply and labor issues. Now its built and operating like a sate of the art mega processing plant with decades of operation ahead.

    Many a project has been aborted because the banks wont lend for high cost hence high risk. This makes GMD ore processing needs for Gwalia and other "assets" problematic .... clearly KOTH has cheap processing costs with long-term energy supply security, is strategically located, and has expansion capacity that would be ideal for "Leonora consolidation" involving GMD (and others perhaps).

    The idea that SLR is just being vindictive and "dog in the manger" and 'Not Fair' to GMD shareholders is .... LOL ridiculous.
    If SLR + RED + GMD formed a grand coalition then it would be producing 600k oz p.an initially, with the prospect of 1000k oz p.a .... WOW.
    SLR is lead by one of the industry's renowned hard heads "Cool Hand" Luke Tonkin, who has been MD of Sons of Gwalia in the past.

    So, who leads and who follows is the least important - the new SilverRedGenesis will have a power house BOD, the cream of the workers and lots of financial firepower to back its rich ore endowment(s).
    Let the games begin.
    Last edited by MIStragic: 18/09/23
 
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